In the early 1980s several small first-time investors in Brownsville, Texas, opened accounts with Shearson/American Express agent Jon Grady Deaton.
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Several cases brought by investors from Brownsville, Texas, also Shearson clients, who claimed to have lost almost half a million dollars in fraudulent or malfeasant trades were combined under Rodriguez de Quijas v. Shearson/American Express Inc., filed suit under both acts.