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DANESHRAD v. TREAN GROUP, LLC

No. 22-1421.

57 F.4th 587 (2023)

Jacob DANESHRAD, Joseph Daneshrad, and Hassan Blurfrushan, Plaintiffs-Appellants, v. TREAN GROUP, LLC, Nancy Stubenrauch, and Mark Frantz, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided January 11, 2023.

Attorney(s) appearing for the Case

Joseph Daneshrad , Attorney, Daneshrad Law Firm, APC, Los Angeles, CA, for Plaintiffs-Appellants.

Lukas Sosnicki , Attorney, Thompson Coburn LLP, Los Angeles, CA, Holly H. Campbell , Attorney, Bryan Cave Leighton Paisner LLP, Chicago, IL, for Defendants-Appellees.

Before Easterbrook, Kirsch, and Lee, Circuit Judges.

Several affiliated traders set up four accounts with Trean Group, an introducing broker at the Chicago Mercantile Exchange. An introducing broker manages the customer side of the futures-trading business. The trading side is the province of a futures commission merchant, which for these traders was FCStone (a part of...

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