Questrade Inc. v. Chow, 2015 ONSC 1450
The investor was purchasing and selling naked options and calls at a discount broker. The firm liquidated her margined portfolio at a cost of $88,000 to close the positions without giving the investor the choice to deposit greater margin. The Court held that the brokerage firm was not required to co-speculate with the investor, or wait for the investor’s strategy. The Court awarded summary judgment in favour of the brokerage firm without expert evidence and based upon “iron clad” caselaw.
A copy of the decision is found here.