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INSURANCE ASSOCIATES, INC. v. FRANCIS CAMEL CONSTRUCTION, INC.

No. 95 CA 1955.

673 So.2d 687 (1996)

INSURANCE ASSOCIATES, INC., v. FRANCIS CAMEL CONSTRUCTION, INC., Francis J. Camel, and Francis Camel Disposal, Inc.

Court of Appeal of Louisiana, First Circuit.

May 10, 1996.

Attorney(s) appearing for the Case

Edwin W. Fleshman, Baton Rouge, for Plaintiff-Appellee.

Kenneth A. Back, Lafayette, and Stephen P. Strohschein, Baton Rouge, for Defendant-Appellant, Francis J. Camel.

Before SHORTESS, PARRO and KUHN, JJ.

SHORTESS, Judge.

In 1988 Brunson Bonding and Insurance Agency, Inc. (Brunson), obtained a judgment against Francis J. Camel (defendant), Francis Camel Construction, Inc., and Francis Camel Disposal, Inc., in solido, totaling $56,953.07, plus interest and costs. In 1989 defendant opened a rollover Individual Retirement Account (IRA) with Thomson McKinnon Securities, Inc. (TMS), depositing $273,384.82. This self-directed IRA permitted trading in stocks within the account...

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