Michael Irvine, Sally Peisner, J. Ray Permenter and Richard Stuart v. Cargill Investor Services, Inc.

VANCE, Circuit Judge:

This case concerns four disappointed customers of Cargill Investor Services who had placed money 1 with Cargill with instructions that the funds be invested prudently and conservatively. The four signed acknowledgment of risk statements and received regular communications from Car-gill on the state of their accounts. They claim to have been assured by their brokers 2 that the pattern of commodities investing they had chosen had, in fact, very little risk. Over a period of several months, however, the accounts were significantly depleted under unusual circumstances,…