[Download] "Stanley Witt and Gladys Witt v. Reinholdt & Gardner and Chris Schneider" by Eighth Circuit United States Court of Appeals * eBook PDF Kindle ePub Free
eBook details
- Title: Stanley Witt and Gladys Witt v. Reinholdt & Gardner and Chris Schneider
- Author : Eighth Circuit United States Court of Appeals
- Release Date : January 13, 1978
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 74 KB
Description
In June 1973 Mr. and Mrs. Stanley Witt had a portfolio of corporate bonds in a margin account. On June 25, 1973, Mr. Witt had that account transferred to Reinholdt & Gardner. Later, because of insufficient margin, the account was closed by Reinholdt & Gardner, securities in the account were sold to satisfy existing obligations, and the balance of the account, which consisted of securities and cash, was delivered to the Witts. Claiming the bonds should have been sold sooner and that he did not receive a timely margin call as required by the Rules of the New York Stock Exchange, Mr. Witt petitioned the Exchange to arbitrate his dispute with Reinholdt & Gardner. An arbitration hearing was held July 31, 1975, and Reinholdt & Gardner was ordered to pay the Witts $5,000.
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