People v. Stilwell

In May, 1922, the defendant was a partner in the firm of Stilwell, Leffler & Lowe, stockbrokers, who were members of the Consolidated Stock Exchange. He has been convicted under the third count of an indictment which charges that the defendant “ without having any lien thereon and any special property therein,, feloniously did, for his own benefit, dispose of and consent to the disposition of securities in his possession belonging to a customer of the firm.” That securities belonging to a customer of the firm and in the possession of the brokers were disposed of in violation of section 956 is…