Ernest Ray Ritch, Mary J. Ritch v. The Robinson-Humphrey Co.
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
MILLS, Senior District Judge:
I. Background
In 1989, Ernest Ray Riteh and Mary J. Ritch' — a retired couple in their 70s — opened an account with broker Steuart Evans at The Robinson-Humphrey Company, Inc. (“Robinson-Humphrey”) in Huntsville, Alabama, on the recommendation of their son, Joe Ritch. After opening the account with Robinson-Humphrey, Ray Riteh purchased Comptronix stock (the stock at issue here) on two occasions. Ray Ritch had bought stock in Comp-tronix several times prior to opening an account with Robinson-Humphrey, beginning in 1986 when the company was privately held. Joe…
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