HOPE v. HAYDEN-STONE, INC.

No. 72-2779 Summary Calendar.

469 F.2d 1060 (1972)

Frederick H. HOPE, Plaintiff-Appellant, v. HAYDEN-STONE, INC., H. S. Equities, Inc., et al., Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied January 10, 1973.


Attorney(s) appearing for the Case

Walter N. Colbath, Jr., West Palm Beach, Fla., for plaintiff-appellant.

Stanley Arthur Beiley, Miami, Fla., for Equities & Sincere.

Before BELL, DYER and CLARK, Circuit Judges.


PER CURIAM:

In 1969 Frederick H. Hope purchased 500 shares of Allen Electric & Equipment Company stock through a margin account with H. S. Equities, Inc. The price of the stock decreased sharply thereafter and these shares were liquidated when Hope's account dropped below margin requirements. Hope then filed this action and urged that Equities' broker-agent, David Sincere, had induced Hope to purchase and to retain this stock by making representations concerning...

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