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Appellate Terms of the Supreme Court of New York, 1962

Boruski v. National Securities & Research Corp.

Boruski v. National Securities & Research Corp.
Appellate Terms of the Supreme Court of New York · Decided December 6, 1962
38 Misc. 2d 1026; 237 N.Y.S.2d 772; 1962 N.Y. Misc. LEXIS 2168

Counsel

Edward G. Sippel for appellant. Segal S Dorris (Howard S. Dorris of counsel), for respondent. Windels, Currie $ Bice (Paul Windels, Jr., and Bussell G. Olsen of counsel), for National Association of Securities Dealers, Inc., amicus curiae.

Boruski v. National Securities & Research Corp.

Opinion of the Court

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.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.