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| | Morgan Stanley DW Inc. v Afridi (2004 NYSlipOp 09425) |
 | | Afridi opened the Morgan Stanley account at the behest of his son, Adel, who was then a newly licensed broker employed by Morgan Stanley. |
 | | Afridi alleges that Adel, the broker with responsibility for his account, put the funds into risky and speculative investments, purchased on margin, that were unsuitable to a person of Afridi's age and means. |
 | | Afridi sought to hold Morgan Stanley vicariously liable, under the doctrine of respondeat superior, for the misconduct of Adel, its employee, and directly liable for Morgan Stanley's own alleged negligence in supervising Adel. |
| www.courts.state.ny.us /REPORTER/3dseries/2004/2004_09425.htm (883 words) |
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