David Brown and Rita Brown v. Rauscher Pierce Refsnes, Inc., and William H. Brashears

JOHNSON, Senior Circuit Judge:

David and Rita Brown appeal from the district court’s order denying their motion to vacate an arbitration award, 796 F.Supp. 496. Because we conclude that the Browns have failed to demonstrate that the award should be vacated, we affirm the order of the district court.

I. STATEMENT OF THE CASE

On November 4, 1984, David Brown, a resident of Florida, opened a securities brokerage account with the Dallas, Texas, office of Rauscher Pierce Refsnes, Inc. (“RPR”). 1 Brown came to RPR when his long-time broker, A1 Gilbertson, joined the firm. Gil-bertson serviced the…