Worthless stocks to unsuspecting customers

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Two stockbrokers, in clear violation of the rules of their employers, sold. worthless stocks to unsuspecting customers. There was no question that the brokers had the actual or implied authority to sell the stock. The customers who lost money sued the brokerage firm, contending it was liable for their losses because the brokers had apparent authority. Debate whether you believe the stockbrokers had apparent authority.

Reference no: EM132296964

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