Legal Opinion
Gaines v. Financial Planning Consultants, Inc.
Missouri Court of Appeals
Decided May 25, 1993No. 62016PublishedCited by 5 opinions
1Opinion of the Court
STEPHAN, Judge.
Financial Planning Consultants, Inc. (“dealer”), a securities broker and dealer licensed by the Securities and Exchange Commission (“SEC”), and Gary Clermont (“broker”), who is a registered broker licensed by the SEC and an employee of dealer, appeal from the judgment of the trial court confirming an arbitration panel’s award of $37,000 in damages in favor of respondent Helen Freund Gaines (“client”). We affirm.
In 1982 broker approached client, a widow, concerning her investment portfolio. He offered her financial advice designed to generate a strong cash flow to provide income…
2Cases cited9 opinions
- PAINEWEBBER INCORPORATED v. Willard S. HARTMANN, Leona R. Hartmann, AppellantsCourt of Appeals for the Third Circuit · 1990
- Application of Conticommodity Services Inc., for an Order Restraining Arbitration Attempted to Be Had by Philipp & LionCourt of Appeals for the Second Circuit · 1980
- Painewebber Incorporated v. H. William HofmannCourt of Appeals for the Third Circuit · 1993
- Fed. Sec. L. Rep. P 96,619 Edward D. Jones & Company and Gary Aleff v. Duane Sorrells, Mildred Sorrells and Curt SorrellsCourt of Appeals for the Seventh Circuit · 1992
- Automotive, Petroleum and Allied Industries Employees Union, Local No. 618 v. Town and Country Ford, Inc.Court of Appeals for the Eighth Circuit · 1983
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3Cited by5 opinions
- Fsc Securities Corporation Marlis Gilbert Integrated Financial Services and Richard E. Connolly, Jr. v. Judy Freel Mirle Freel, Jr.Court of Appeals for the Eighth Circuit · 1994
- Consolidated Financial Investments, Inc. v. ManionMissouri Court of Appeals · 1997
- Nettleton v. Edward D. Jones & Co.Missouri Court of Appeals · 1995
- City of Lubbock v. Hancock, Texas Court of Appeals, 7th District (Amarillo)1996
- Smith Barney, Inc. v. Painters Local Union No. 109 Pension FundNebraska Supreme Court · 1998