Bear Stearns Securities, Inc. v. Jones

LYONS, Justice.

Bear Stearns Securities, Inc. (“Bear Stearns”); Redstone Securities, Inc. (“Redstone”); First Cambridge Securities Corporation (“First Cambridge”); and Kenneth Adam Orr, First Cambridge’s chief executive officer, are defendants in an action pending in the Montgomery Circuit Court. They appeal from an order denying their motions to compel arbitration of claims made against them by the plaintiff, Renis Jones III. We affirm as to Redstone; reverse as to Bear Stearns, First Cambridge, and Orr; and remand.

Facts

In the fall of 1996, Jones had a trading account with Redstone. David…