No. 05-1536.

436 F.3d 443 (2006)

TRUMBALL INVESTMENTS LIMITED I; Trumball Investments Limited II; Molina International Limited; Ivywild Investment Corporation; Cortland Overseas Limited; Terrel Overseas, Incorporated, Plaintiffs-Appellants, v. WACHOVIA BANK, N.A., formerly known as First Union National Bank, Defendant-Appellee.

United States Court of Appeals, Fourth Circuit.

Decided February 3, 2006.

Attorney(s) appearing for the Case

ARGUED: Donald James Enright, Finkelstein, Thompson & Loughran, Washington, D.C., for Appellants. Mary Catherine Zinsner, Troutman Sanders, L.L.P., McLean, Virginia, for Appellee. ON BRIEF: Jonathan P. Lienhard, Troutman Sanders, L.L.P., McLean, Virginia, for Appellee.

Before WILKINSON, KING, and SHEDD, Circuit Judges.

Affirmed by published opinion. Judge WILKINSON wrote the opinion, in which Judge KING and Judge SHEDD joined.


WILKINSON, Circuit Judge.

A discretionary investment account, in which an investor permits a broker to engage in trades without prior authorization, can be advantageous because it allows the broker the freedom to exercise his expertise on the investor's behalf in accordance with the investor's stated objectives. In this case, the...

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