Harold and Joeanne Antwine v. Prudential Bache Securities, Inc.

JOHNSON, Circuit Judge:

Harold and Joeanne Antwine appeal from a judgment of the district court denying a motion to set aside an arbitration award and granting a motion to enforce the award. For the reasons cited herein, we affirm.

I. FACTS AND PROCEDURAL HISTORY

In 1985, Harold and Joeanne Antwine were owners and operators of a drug store which provided them with an annual income of approximately $40,000.00. That year, Mr. Antwine inherited a $1,000,000.00 stock portfolio. Although the Antwines originally planned on investing in insured municipal bonds which would yield a tax free annual income…