Fed. Sec. L. Rep. P 97,872 Lila A. Miley v. Oppenheimer & Company, Inc., Anthony L. Geller and John W. Hamilton

U.S. Court of Appeals, Fifth Circuit · Decided 1981-02-17

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GOLDBERG, Circuit Judge; For as long as investment brokers have been remunerated on a commission basis, the potential has existed for brokers to excessively trade accounts in an effort to generate fees. Not surprisingly, for almost as long a period of time, 1 civil suits al…

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