Fed. Sec. L. Rep. P 94,315 E. Elwood Lewis and James McDonald Plaintiffs-Appellants-Appellees v. Walston & Co., Inc., Jackie Decasenave

WISDOM, Circuit Judge:

The plaintiffs, Elwood Lewis and James McDonald, brought this suit against Walston & Co., a brokerage firm, and its registered representative, Mrs. Jackie DeCasenave, to recover for losses they sustained on the purchase of unregistered securities. They sue under §§ 12(1) and 12(2) of the Securities Act of 1933, 15 U.S.C. § 77Z(l)-(2) (1970), and under the Florida Blue Sky Law, Florida Statutes § 517.21. 1 After a jury verdict for $70,000 in favor of the plaintiffs against both defendants, the trial judge, 347 F.Supp. 995, granted judgment notwithstanding the verdict in…