California Court of Appeal

A broker-dealer of securities does not have a common law duty to supervise sales by its registered representatives of investments where the broker-dealer has no economic interest to persons who are not customers of the broker-dealer.

Appellate Information

• Decided 01/10/2001
• Published 01/10/2001

Judges

•  KLINE, P.J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
•  Stephen McNichols, Jr.,Donald A. Odell and Leslie A. Baxter, McNichols Randick O'Dea & Tooliatos, LLP, Pleasanton, for Appellant.


• For Appellees:
  
• Jan Stiglitz, for Respondent.