Richard Shemtob v. Shearson, Hammill & Co., Inc.

How courts have described this case

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

• garden variety customers’ suits against brokers cannot be bootstrapped into federal securities laws violations “in the absence of allegation of facts amounting to scienter, intent to defraud, reckless disregard for the truth, or knowing use of a device, scheme or artifice to defraud”
• failure to liquidate securities account not fraud or deception

Source: CourtListener parenthetical corpus (CC0).