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HALES v. PROEQUITIES, INC.

1011015.

885 So.2d 100 (2003)

Frank J. HALES and Iva Jean P. Hales v. PROEQUITIES, INC.

Supreme Court of Alabama.

Rehearing Denied January 23, 2004.

Attorney(s) appearing for the Case

David H. Marsh, Jeffrey C. Rickard, and Thomas M. Powell of Marsh, Rickard & Bryan, P.C., Birmingham; and Randy Beard of Beard & Beard, Guntersville, for appellants.

W. Stancil Starnes, John P. Scott, Jr., and Joshua H. Threadcraft of Starnes & Atchison, LLP, Birmingham, for appellee.

JOHNSTONE, Justice.

Appellants-plaintiffs Frank J. Hales and Iva Jean P. Hales appeal the order entered by the trial court compelling them to arbitrate their claims against appellee-defendant ProEquities, Inc., an investment company. We reverse and remand.

In July 1994, Wayne Gregory, an agent of ProEquities, convinced the Haleses to put their life savings of $430,000 in an investment account with ProEquities. On July 20, 1994, Frank Hales, alone, signed a...

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