Commodity Traders, Inc. v. Palmer

Fahrnbruch, District Judge.

Plaintiff, Commodity Traders, Inc., brought an action against the defendant-appellant, Kay Palmer, to recover money advanced to an exchange clearinghouse to cover losses in Palmer’s account by reason of Palmer’s trading in futures contracts and for commissions earned. Trial was to the court, a jury having been waived, and judgment in favor of the plaintiff in the sum of $20,236.94 was entered. We affirm.

Prior to trading in futures contracts through plaintiff, defendant executed a “Commodity Signature Card” and a futures account letter.

On the commodity signature card…