Reece v. U.S. Bancorp Piper Jaffray, Inc.

KIDWELL, Justice.

The Appellant, Ronald Dean Reece, claims the Respondents, Piper Jaffray and its employees as individuals, Gerald Aznoe, a stock broker, and Larry Bull, Branch Manager, made unsolicited trades in his accounts (known as “churning”) and then sold his stock in complete disregard to the Appellant’s explicit instructions. Appellant appealed the denial of his Application to Vacate the Arbitration Award with the district court and the granting of the Respondents’ Motion to Dismiss. The judgment of the district court is affirmed.

I

FACTS AND PROCEDURAL BACKGROUND

Appellant Ronald Reece…