SAXE v. E.F. HUTTON & CO., INC.

No. 932, Docket 85-9048.

789 F.2d 105 (1986)

Barry SAXE, Plaintiff-Appellant, v. E.F. HUTTON & COMPANY, INC., Scott A. Howard and Hanger Associates, Inc., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided April 23, 1986.


Attorney(s) appearing for the Case

Howard D. Bader, New York City (Harvey L. Woll, Mannarino, Bader & Bloom, New York City, of counsel), for plaintiff-appellant.

Marc S. Dreier, New York City (Howard Schneider, Ethan V. Finneran, Rosenman Colin, Freund, Lewis & Cohen, New York City), for defendant-appellee E.F. Hutton & Co.

Richard S. Mezan, New York City (John H. Reichman, Pollner Mezan, Stolberg & Frechtman, P.C., of counsel), for defendant-appellee Hanger Associates, Inc.

Before KAUFMAN, TIMBERS and MESKILL, Circuit Judges.


IRVING R. KAUFMAN, Circuit Judge:

We are called upon to review the dismissal of an investor's plea that certain investment advisors fraudulently lured him into the highly speculative area of commodities trading. Needless to say, this foray resulted in a financial disaster. Although the claim is all too familiar in the securities law context, here we consider it under the relatively unexplored anti-fraud provisions of the...

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