Link, Petter & Co. v. Pollie

Plaintiff, a domestic corporation engaged as an investment banker, is licensed by the Michigan securities commission to deal in securities. Defendant, engaged as a merchant for over 20 years, was not a novice in the purchase and sale of speculative securities. He and.the officers of plaintiff have been familiar from boyhood, and, prior to the transaction here involved, plaintiff acted as his broker in connection with some of his speculative ventures.. About the middle of December, 1925, J. H. Petter, an employee of plaintiff, called on defendant at his meat shop. After some talk relative to…