Boruski v. National Securities & Research Corp.

Appellate Terms of the Supreme Court of New York

Boruski v. National Securities & Research Corp.

38 Misc. 2d 1026, 237 N.Y.S.2d 772, 1962 N.Y. Misc. LEXIS 2168

Appellate Terms of the Supreme Court of New York·Decided December 6, 1962·Published

Opinion

Per Curiam.

Plaintiff, having been suspended from the National Association of Securities Dealers, Inc., was barred from recovery of commissions upon sales made during the period of his suspension. The public interest requires that appropriate sanctions be imposed to secure compliance with the rules, regulations and policies of both the National Association of Securities Dealers and the Securities and Exchange Commission. (Boruski v. Securities & Exch. Comm., 289 F. 2d 738, 740.)

The judgment should be reversed, with $30 costs and complaint dismissed, with costs.

Concur — Tilzer, J. P., Hoestadter and Capozzoli, JJ.

Judgment reversed, etc.

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Per Curiam.

Plaintiff, having been suspended from the National Association of Securities Dealers, Inc., was barred from recovery of commissions upon sales made during the period of his suspension. The public interest requires that appropriate sanctions be imposed to secure compliance with the rules, regulations and policies of both the National Association of Securities Dealers and the Securities and Exchange Commission. (Boruski v. Securities & Exch. Comm., 289 F. 2d 738, 740.)

The judgment should be reversed, with $30 costs and complaint dismissed, with costs.

Concur — Tilzer, J. P., Hoestadter and Capozzoli, JJ.

Judgment reversed, etc.

Boruski v. National Securities & Research Corp., 38 Misc. 2d 1026, 237 N.Y.S.2d 772, 1962 N.Y. Misc. LEXIS 2168 (N.Y. Ct. App. 1962).

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