Stock-Broker
Defined in 2 dictionaries — Bouvier (1914), Black's (1910)
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Relation of stockbroker and customer is that of principal and agent, not that of debtor and creditor; In re James Carothers & Co., 182 Fed. 501. After the purchase of stock on margin by a stock-broker for a customer, the relation between them is that of pledgor and pledgee; Learock v. Paxson, 208 Pa. G02, 57 Atl. 1097; the title vests in the customer, subject to the payment of advances and commissions, he being a pledgee; Le Marehant v. Moore, 150 N. Y. 209, 44 N. E. 770. Where the broker, In such cases, rehypothecates the stock for his own purpose, it is a conversion; Rothschild v. Allen, 90 App. Div. 285, 86 N. Y. Supp. 42; see Talty v. Trust Co., 93 U. S. 321, 23 L. Ed. 886; German Sav. Bk. v. Renshaw, 78 Md. 475, 28 Atl. 281; Cook, Corp. § 471. See Stock Exchange.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
One who buys and sells stock as the agent of others. Banta v. Chicago, 172 111. 204, 50 N. E. 233, 40 L. R. A. 611; Little Rock v. Barton, 33 Ark. 486; Gast v. Buckley (Ky.) 64 S. W. 632,
Defined under Stock in Black's Law Dictionary.