IN RE KARDOS

No. 356.

27 F.2d 690 (1928)

In re KARDOS et al.

Circuit Court of Appeals, Second Circuit.

July 9, 1928.


Attorney(s) appearing for the Case

David W. Kahn, of New York City, for appellant Case.

McKerchner & Link, of New York City (Herman M. Pogul, of New York City, of counsel), for appellant and appellee Wilson.

Saul S. Myers, of New York City (Earl B. Barnes, of New York City, of counsel), for appellant Ablett.

Francis R. Holmes, of New York City, for Crusey.

Before MANTON, L. HAND, and AUGUSTUS N. HAND, Circuit Judges.


AUGUSTUS N. HAND, Circuit Judge.

The bankrupts were stockbrokers doing business in New York. They did not trade directly on the New York Stock Exchange, but transacted their Stock Exchange business through certain Stock Exchange houses, among them Marks & Graham. They took orders from their customers to buy or sell securities listed on the New York Stock Exchange, and transmitted the orders to Marks & Graham (or other Stock Exchange firms), without the knowledge...

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