Broker/Dealer’s Meritless Claims Denied By 11th Circuit Panel On Appeal

Mealey's (June 29, 2022, 1:22 PM EDT) -- ATLANTA — A federal district court did not err in dismissing a securities broker/dealer’s negligence claim against Deutsche Bank Trust Company Americas stemming from actions Deutsche took as part of a Ponzi scheme, because each of the broker/dealer’s arguments on appeal lack merit, an 11th Circuit U.S. Court of Appeals panel ruled June 28 in affirming....