STERNER v. PENN

No. COA02-827.

583 S.E.2d 670 (2003)

Eva M. STERNER, Plaintiff, v. Delmar S. PENN, Regina Gunn Penn, Ameritrade, Inc., Advanced Clearing, Inc., Deutsche Banc Alex. Brown, Inc. and Wall Street Access, Defendants.

Court of Appeals of North Carolina.

August 5, 2003.


Attorney(s) appearing for the Case

S. Mark Rabil, Winston-Salem, for plaintiff-appellant.

Womble, Carlyle, Sandridge & Rice, P.L.L.C., by Ronald R. Davis and Allison R. Bost, Winston-Salem, for defendant-appellees Ameritrade, Inc. and Advanced Clearing, Inc.

Wilson & Iseman, L.L.P., by G. Gray Wilson and Maria C. Papoulias, Winston-Salem, for defendant-appellees Deutsche Banc Alex. Brown, Inc. and Wall Street Access.


HUDSON, Judge.

Plaintiff Eva M. Sterner lost more than $160,000 that she had entrusted to defendant Delmar Penn, believing that he would invest the money for her. Penn used the services of defendants Ameritrade, Inc. ("Ameritrade"); Advance Clearing, Inc. ("Advanced Clearing"); Deutsche Banc Alex. Brown, Inc. ("Deutsche Banc"); and Wallstreet Access ("Wallstreet Access"), brokerage firms and securities clearing companies...

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