ST. MARTIN'S EPISCOPAL CHURCH v. PRUDENTIAL-BACHE SECURITIES, INC.

No. 91-3540.

613 So.2d 108 (1993)

ST. MARTIN'S EPISCOPAL CHURCH, Appellant, v. PRUDENTIAL-BACHE SECURITIES, INC., Appellee.

District Court of Appeal of Florida, Fourth District.

January 27, 1993.


Attorney(s) appearing for the Case

Raymond J. Doumar, Jr. and John R. Gillespie, Jr. of Dykema Gossett, Fort Lauderdale, for appellant.

John D. Boykin, of Boose, Casey, Ciklin, Lubitz, Martens, McBane & O'Connell, West Palm Beach, for appellee.


FARMER, Judge.

The beneficiary of an express trust (St. Martins) has sued a securities dealer (Prudential-Bache) for damages from negligence and improper trading of securities. The beneficiary had no direct dealings with the dealer. Rather, shortly after his appointment as trustee, the trustee had placed the trust's funds into an account with the dealer for investment purposes. It happens that at the time of his appointment...

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