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WILKINSON v. DEAN WITTER REYNOLDS, INC.

No. 86150.

933 P.2d 878 (1997)

John W. WILKINSON, and John W. Wilkinson, Individual Retirement Account, Plaintiffs/Appellees, v. DEAN WITTER REYNOLDS, INC., a foreign corporation, and Steve Dodson, an individual, Defendants/Appellants.

Supreme Court of Oklahoma.

March 4, 1997.

Attorney(s) appearing for the Case

Charles E. Geister, III, Phillip G. Whaley, Oklahoma City, OK, for Defendants/Appellants.

Bradley K. Beasley, David B. McKinney, Sheila M. Powers, Tulsa, OK, for Plaintiffs/Appellees.

WATT, Justice.

This appeal arose from a dispute between Plaintiff/Appellee, John W. Wilkinson, and his broker, Dean Witter Reynolds, over Steve Dodson's handling of Wilkinson's Individual Retirement Account. Dodson was the Dean Witter Reynolds employee who handled Wilkinson's IRA. Wilkinson alleged that Dodson improperly liquidated $380,260 of Wilkinson's IRA assets and converted them to a term trust, which substantially reduced the value of the IRA.

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