CLEARING BROKER NOT LIABLE FOR PONZI SCHEME, SAYS 10TH CIR.
Hossain v. Rauscher Pierce Refsnes Inc.
Clearing broker Rauscher Pierce Refsnes Inc. is not liable for the losses incurred by an investor who was scammed by his broker, the 10th Circuit has ruled in an unpublished opinion. In affirming the lower court's opinion, the panel refused to accept...
CLEARING BROKER NOT LIABLE FOR PONZI SCHEME, SAYS 10TH CIR.
Hossain v. Rauscher Pierce Refsnes Inc.