First Montauk Securities Corp. v. Four Mile Ranch Development Co.

How courts have described this case

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

• finding an investor was a customer of an NASD firm, when his account was maintained at a different brokerage firm, but a representative of the member firm managed the investor's account
• finding investor was customer of member firm, although account was maintained at different brokerage firm, but representative of member firm managed investor’s account, realizing profits from some trades
• discussing the role of the NASD arbitration procedures in protecting investors
• \[The NASD Code] contain[s] no limitations other than exclusion of brokers and dealers from invoking rules relating to customers.\
• \A dispute that arises from a firm's lack of supervision over its brokers arises in connection with it business.\
• “A dispute that arises from a firm’s lack of supervision over its brokers arises in connection with its business.”

Source: CourtListener parenthetical corpus (CC0).