California Appellate Tracker

Harding v. Lifetime Financial, Inc. (2025) 109 Cal.App.5th 753

April 15, 2025

A securities broker does not owe non-customers a duty to post a warning on its website or report to FINRA about a third party known to be scamming potential investors by pretending to be a sale agent at the brokerage company. The decision finds support for its holding in the line of cases holding that banks do not owe any duty to noncustomers to protect them against fraud by depositors or others.

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Harding v. Lifetime Financial, Inc. (2025) 109 Cal.App.5th 753

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