Investors Equity Group, Inc. v. Universal Symetrics Corporation Rosenkrantz, Lyon & Ross, Inc. Kamal Hughes Juris Mednis Leslie A. Wicks

NELSON, J. (pp. 163-64), delivered a separate dissenting opinion.

WELLFORD, Circuit Judge.

Investors Equity Group (“IEG” or “plaintiff’), a Michigan corporation dealing in commercial real estate, filed a diversity action against Rosenkrantz, Lyon & Ross, Inc. (“RLRI”), a licensed stock brokerage firm, Kamal Hughes, an account executive at the Chicago offices of RLRI, and others (collectively “defendants”). Plaintiff, through its president and sole shareholder, Roger Thornburg, alleges that the defendants sold securities in violation of the Michigan Blue Sky Laws, which require securities to be…