Read the full judgment text of HCA 826/2014 on BabelCite. This High Court CFI judgment was delivered on 8 June 2018.
1. On 21 June 2011, the plaintiff transferred $6 million to an online securities account (“IB Account”) he had just opened with Interactive Brokers LLC (“IB”). It was his apparent intention that that sum be invested for him by the defendant, and the defendant did in fact then operate the IB Account. At first, indeed within just 10 days, there was a quick profit of $478,428, which was realized and withdrawn. But, by September 2011, namely within just 3 months or so of the start of the venture,