Petersen v. Securities Settlement Corp.

How courts have described this case

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

• holding that a broker without direct access to customers and who did not provide recommendations that were “invariably followed” had no duty to warn about the risky nature of investments
• “Where, as here, [the] relationship is confined to the simple performance of transactions ordered by a customer or his investment advisor, the duties described in Twomey and Duffy do not arise.”

Source: CourtListener parenthetical corpus (CC0).