KOZINSKI, Circuit Judge:
We consider the enforceability of an agreement to arbitrate claims arising out of a stock margin purchase agreement.
Background
On October 13, 1986, plaintiffs Jack B. and Betty L. Cohen entered into a Customer's Margin Account Agreement with defendant Wedbush, Noble, Cook, Inc., a stock brokerage firm. The margin agreement provided that Wedbush would loan money to the Cohens to finance the purchase of securities, and required...
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