In re the Arbitration between Levy & Hirsch

The relationship between the parties was fiduciary. Appellant was one of the customers of respondents, who are stockbrokers. According to appellant’s affidavit, he first began to deal with respondents in September, 1943. For a period of about one year following he traded in securities on a cash basis. In October, 1944, he started trading through respondents on margin. Shortly thereafter, a customer’s man employed by the brokers requested him to sign a paper printed in fine type so lengthy that its reproduction covers about seven pages of the record on appeal. He was .told that the execution…