Wilkinson v. Dean Witter Reynolds, Inc.

WATT, Justice.

This appeal arose from a dispute between PlaintiffiAppellee, John W. Wilkinson, and his broker, Dean Witter Reynolds, over Steve Dodson’s handling of Wilkinson’s Individual Retirement Account. Dodson was the Dean Witter Reynolds employee who handled Wilkinson’s IRA. Wilkinson alleged that Dodson improperly liquidated $380,260 of Wilkinson’s IRA assets and converted them to a term trust, which substantially reduced the value of the IRA.

FACTS

Wilkinson has five separate accounts with Dean Witter Reynolds. Only the IRA, however, is in Wilkinson’s name alone. The first of the other…