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BARNETT SECURITIES, INC. v. FAERBER

No. 94-00011.

648 So.2d 265 (1995)

BARNETT SECURITIES, INC., F/K/a Barnett Brokerage Services, Inc., Barnett Banks, Inc., Barnett Bank of Jacksonville, N.A., Barnett Bank of Naples, and William Gibbs, Jr., Appellants, v. Nelson A. FAERBER and Geraldine C. Faerber, Appellees.

District Court of Appeal of Florida, Second District.

January 4, 1995.

Attorney(s) appearing for the Case

Peter W. Homer of Greer, Homer & Bonner, P.A., Miami, and C. Daniel Rice of Mahoney, Adams & Criser, P.A., Jacksonville, for appellants.

Thomas R. Grady and Michael W. Pettit of Grady & Associates, L.P.A., Naples, for appellees.

ALTENBERND, Judge.

The defendants, Barnett Securities, Inc. (Barnett Securities); Barnett Banks, Inc. (Barnett); Barnett Bank of Jacksonville (Barnett-Jacksonville); Barnett Bank of Naples (Barnett-Naples); and William Gibbs, Jr., appeal an order compelling them to arbitrate the claims of Mr. and Mrs. Faerber. We reverse.

In January 1985, the Faerbers invested $1,200,000 in Washington Public Power Supply bonds. The bonds provided substantial tax-free income...

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