Unpublished Dispositionmiguel A. Gargallo, Plaintiff-appellant, v. Quick & Reilly Clearing Corporation, et al., Defendants-appellees, 929 F.2d 701 (6th Cir. 1991)

ORDER

This case has been referred to a panel of the court pursuant to Rule 9(a), Rules of the Sixth Circuit. Upon examination of the record and briefs, this panel unanimously agrees that oral argument is not needed. Fed. R. App. P. 34(a).

Miguel A. Gargallo appeals the district court's judgment in this action filed under the Securities Exchange Act of 1934. Plaintiff alleged that defendants improperly handled his margin account. Defendants moved the district court to compel arbitration, and the district court ordered arbitration. See Shearson/American Express, Inc. v. McMahon, 482 U.S. 220, 224-25 (1987).

Thereafter, a panel of arbitrators dismissed plaintiff's claim and a counterclaim filed by the defendants, and assessed $1500 costs against defendant Quick & Reilly Clearing. On defendant's motion, the district court confirmed the arbitrators' award, dismissed the action, and assessed costs against the plaintiff.

Upon review, we affirm the judgment of the district court for the reasons stated in its order filed on February 22, 1990. Rule (b) (5), Rules of the Sixth Circuit.