Fed. Sec. L. Rep. P 93,675 W. Monroe Stephenson v. Paine Webber Jackson & Curtis, Inc. And James E. Welch

EDITH H. JONES, Circuit Judge:

In May 1984, Monroe Stephenson brought suit against Paine, Webber, Jackson & Curtis, Inc. (“Paine Webber”), and James Welch (“Welch”), a former Paine Webber broker, for trading securities on his behalf without authorization, which he alleged constituted a violation of the Securities Act of 1933, 15 U.S.C. § 77a, et seq.; the Securities Exchange Act of 1934, 15 U.S.C. § 78a, et seq. 1 ) the Racketeer Influenced and Corrupt Organizations Act (“RICO”); 18 U.S.C. § 1961, et seq.; and state law. 2 The district court dismissed the § 17(a), RICO, and state law claims as…