MEMORANDUM OF DECISION
HOLDEN, Chief Judge.
This case involves alleged violations of federal and state securities statutes arising out of the sale of limited partnership interests in a real estate venture. Plaintiffs Henry E. Bartels (Bartels), Theodore Rosen (Rosen) and Ugo Quazzo (Quazzo) bring this action against defendants Algonquin Properties, Ltd. (Algonquin), Trask and Waite Realtors, Inc. (Trask Realtors), Robert N. Waite (Waite), W. Whitbread Gilligan...
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