Josslyn v. Dahinden-Schmitz Co.

As stated in plaintiff’s brief, this action is based upon a surety bond filed with the Railroad Commis*469sion. That bond was filed under, sec. 183.27, Stats. 1923, now sec. 189.08, Stats., relating to the sale of securities prior to obtaining a permit under sec. 189.07. The trial court ordered judgment for plaintiff against defendants Dahinden-Schmitz Company, a security broker, and the Standard Accident Insurance Company, as a surety on a bond filed under sec. 189.08 (2), on the theory that a sale of bonds as Class “A” securities by the broker to plaintiff on an order procured from him on…