Bissell v. Merrill Lynch & Co., Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that a broker-dealer “has no fiduciary obligations” to its customers in connection with its use of a customer’s collateral
• observing that “[w]hile a broker and a customer have an agent-principal relationship with respect to each transaction to buy or sell, they may also have a separate and distinct relationship as creditor and debtor” (internal quotation marks omitted)
• “Under New York law, the mere existence of a broker-customer relationship is not proof of its fiduciary character.”

Source: CourtListener parenthetical corpus (CC0).