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MITCHAM v. BLALOCK

Nos. S97A0857, S97A1656.

491 S.E.2d 782 (1997)

268 Ga. 644

MITCHAM v. BLALOCK et al. MITCHAM v. BLALOCK.

Supreme Court of Georgia.

September 22, 1997.

Attorney(s) appearing for the Case

Robert H. McKnight, England & McKnight, Atlanta, for Michael Mitcham.

Bruce C. Bailey, Chambliss, Bahner & Stophel, P.C., Chattanooga, TN, John Wilson Ringo, Marietta, Angela G. Miele, Kutak Rock, Atlanta, for William J. Blalock et al.

BENHAM, Chief Justice.

In early 1987, appellant Michael Mitcham established an account at Atlanta Securities & Investments (ASI) and invested $46,000 through ASI and broker Jones. Jones bought and sold high-risk securities without Mitcham's authorization and made false statements to Mitcham when questioned about the activity on Mitcham's account. When Mitcham sought to close the account in August 1989, the broker admitted that all Mitcham's money had been lost...

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