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EIRMAN v. OLDE DISCOUNT CORP.

No. 96-1711.

697 So.2d 865 (1997)

Paul E. EIRMAN, Appellant, v. OLDE DISCOUNT CORPORATION, Appellee.

District Court of Appeal of Florida, Fourth District.

Certification Denied August 28, 1997.

Attorney(s) appearing for the Case

Michael D. Tannenbaum, West Palm Beach, Sanford Kantor of Kantor & Kantor, Leigh R. Lasky of Beigel, Schy, Lasky, Rifkind, Fertik & Gelber, New York City, Edna L. Caruso and Philip M. Burlington of Caruso, Burlington, Bohn & Compiani, P.A., West Palm Beach, for appellant.

Nathan D. Goldman of McGuire, Woods, Battle & Boothe, L.L.P., Jacksonville, Wallace L. Timmeny, Stephen M. Colangelo, Mary S. Head of McGuire, Woods, Battle & Boothe, Washington, DC, Gerry S. Gibson and Bradford D. Kaufman of Steel Hector & Davis LLP, West Palm Beach, for appellee.

POLEN, Judge.

Paul Eirman, a customer of securities broker Olde Discount Corp. (Olde Discount), appeals an order dismissing his multi-count complaint against the broker. Eirman alleged Olde Discount participated in the practice of routing its customer's orders through wholesale dealers, who in turn paid Olde Discount "order flow payments," as a type of commission. Eirman alleged Olde Discount retained these order flow payments and failed to adequately disclose this...

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