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FEY v. WALSTON & CO., INC.

Nos. 72-1487-72-1490.

493 F.2d 1036 (1974)

Hetty FEY, Plaintiff-Appellee, v. WALSTON & CO., INC., and Robert A. Spira, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided March 14, 1974.

Attorney(s) appearing for the Case

John J. Enright, Edwin H. Conger, Chicago, Ill., for defendants-appellants.

Charles A. Boyle, George E. Faber, Chicago, Ill., for plaintiff-appellee.

Before SWYGERT, Chief Judge, HASTINGS, Senior Circuit Judge, and CHRISTENSEN, Senior District Judge.

CHRISTENSEN, Senior District Judge.

These are consolidated appeals in a suit for damages brought by a former customer (plaintiff-appellee Hetty Fey) against a stockbroker (defendant-appellant Walston & Co., Inc.) and its salesman (defendant-appellant Robert A. Spira) for alleged "churning"1 of the customer's account. Jurisdiction was alleged and existed by virtue of Section 22(a) of the Securities Act of 1933, 15 U.S.C. § 77v...

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