Court of Appeals for the Eighth Circuit November 1, 1977, 77-1048 (Milton W. GARNATZ, Appellee, v. STIFEL, NICOLAUS & CO., INC., and Kingsley O. Wright, Appellants)

MATTHES, Senior Circuit Judge.

Stifel, Nicolaus & Co., a brokerage firm, and Kingsley 0. Wright, a vice-president of that firm, appeal from a judgment entered against them on a jury verdict awarding Milton W. Garnatz damages of $45,000 with interest and costs. Count I of plaintiff’s complaint was based on defendants’ alleged violations of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C.