We all want to believe in finding a good opportunity, but there comes a time when good crosses over to too good. The Texas state court conducted a hearing on Equity Trust's summary-judgment motions. Thank you for taking the time to provide feedback about your experience with Equity Trust. The people I talk to on the phone are always nice and polite, its just their service platform never flags them to call back or follow up. Thus, Equity Trust has substantially invoked the judicial process to Hampton's detriment. Based in Westlake, Ohio, Equity Institutional services institutional clients of Equity Trust Company which serves as a Custodian for Self Directed IRAs and 401 (k)s. I have spoken to Equity Trust about the error and they can't explain and were going to investigate. 2010). The second prong of the test requires a showing that piercing of the corporate veil is necessary to avoid injustice or fundamental unfairness. . SGIC Strategic, 839 F.3d at 426 (quoting N. Am. After the federal court dismissed Hampton's claims based on a forum-selection clause designating Ohio as the proper venue, Hampton sued Equity Trust in both Ohio and Texas Customers at the Millennium Trust Company may incur a fee schedule of three categories, including: 1. Take it as a warning sign if the salesperson is pushing a prospective investor to sign up immediately or trying to talk them out of taking some time to think it over and research the deal. Robin Hillbery answered all my questions today and was very professional by sending me the ETC forms that I needed to process some new distributions from existing SEP-IRA investments, plus she sent me Fair Market Valuation Forms, and Internal Account Transfer Forms that I needed for year-end asset adjustments!I would enjoy working with Robin again on any future ETC business for my SEP or ROTH-IRA accounts! For the last few years I've been trying to give these guys grace but their customer service is HORRIBLE! WebCollective trust funds are pools of funds maintained by a bank consisting of assets, as relevant here, of any employees stock bonus, pension, or profit-sharing trust that qualify under the Internal Revenue Code. Real estate transactions used to be cumbersome in the early years, but now these transactions are so simple to do. Pursuant to the terms of the Note, Star Homes borrowed $45,000.00 from Equity Trust, to be repaid in monthly installments of $645.52, due on the first day of each month, with the final installment due March 1, 2012. A month later, Equity Trust filed an amended answer to the Texas plaintiffs' second amended petition and original crossclaim, asserting as a one-sentence affirmative defense that the forum-selection clause in Hampton's contract with Equity Trust barred Hampton's claims in Texas state court. Were here to answer any questions, help guide you through the process, and provide more detailed information and education specific to your journey. Web+254-730-160000 +254-719-086000. Provitas, LLC v. Quality Ingredients Corp. Federal Rule of Appellate Procedure 42(b). All rights reserved. The footnotes state that, as a consequence, the other summary-judgment motions, as they apply to Hampton, may be mooted by the state court's ruling on the res judicata motion. To become a member, investors were required to enter into an AMP Plan Membership Agreement and pay a membership fee to Progressive Home Services, Inc., d/b/a Investment Properties of Minnesota or IPM Realty (IPM). The companys former name was Sterlink Trust Company but they Left an earlier negative review. As a directed custodian, we are not permitted to evaluate investments for our clients. The settlement clears the deck for AMC to potentially raise as much as $16 billion in equity, B. Riley Securities analyst Eric Wold said. 2016) (citing Mirant to support the proposition that "[a] statement by a party that it has a right to arbitration in pleadings or motions is not enough to defeat a claim of waiver" and declining to allow defendants "to gain an unfair advantage by virtue of their litigation conduct"). WebEQUITY TRUST COMPANY OPINION OF THE COMMISSION CEASE AND DESIST PROCEEDING Custodian of self-directed individual retirement accounts was charged with The Thompsons also claim that the receiver had no authority to pursue funds from North Fort Meyers because the receiver was only appointed in the Sober lawsuit and the funds held by North Fort Meyers were implicated in the Seminole Bay project, which was one of the bases for the Ahmann lawsuit. WebMeet Equity Trust: A Leader in Self-Directed IRAs. 576.01 in order to expand the receivership. Because the evidence in the record supports the finding that the Thompsons disregarded the corporate form in their involvement with the entities, the district court did not abuse its discretion in (1) piercing the corporate veil to hold the Thompsons personally responsible for the damages arising out of the default judgment; and (2) granting the receiver's motion to expand the receivership. The email address cannot be subscribed. BBB Business Profiles may not be reproduced for sales or promotional purposes. articles a month for anyone to read, even non-subscribers! Because the state was no longer a party at the time the receivership was expanded, the Thompsons contend that the district court had no authority under the statute. and then call them back and wait and wait and wait. 1:12-CV-250 Before REAVLEY, ELROD, and SOUTHWICK, Circuit Judges. Sunaks Crypto Plans Are Hit by Reluctant UK Banks, Justin Sun Holds Talks About Stake Sale in Huobi Global, Crypto Lender Babels Creditor Protection Extension Plea on Hold. Simple and easy. The Complaint alleges that EquiTrust Life Insurance Company sold a deferred annuity that matured after the buyers 105th Equity Trust Company Custodian v. Windwrap, LLC, No. Therefore, the receiver acted within its defined authority by requesting an expansion of the receivership. The Thompsons subsequently moved to dismiss for failure to state a claim under Minn. R. Civ. This is compounded by the fact that these representatives seldom arrive at a decisive and conclusive resolution to the issue at hand, instead providing automated responses that are either inconsistent or insufficient in addressing the problem.One can surmise that their inefficiencies, primarily rooted in their cumbersome bureaucratic procedures and unsatisfactory automated responses, impede progress and are suffocating to anyone attempting to engage with their services. Ms. Elizabeth Jerdonek, Chief Administrative Office, General Counel, Matthew Gardener, Chief Financial Officer, Ms. Hope Gonzales, Director of Investment Operations. In the arbitration context, we have held that "[w]aiver will be found when the party seeking arbitration substantially invokes the judicial process to the detriment or prejudice of the other party." You are leaving trustetc.com to enter the ETC Brokerage Services (Member FINRA/SIPC) website (etcbrokerage.com), the registered broker-dealer affiliate of Equity Trust Company. WebRipoff Report on: Equity Trust Company - Equity trust company etc midohio securities selfdirected ira roth elyria ohio. The role of a receiver is to act as a fiduciary representing the court and all parties in interest, and the purpose and scope of a receivership is defined by court order. Co., 148 S.W.3d 109, 120-21 (Tex. As part of the agreement, members were entitled to call the note (have their money returned) at any time for any reason, and IPM was also required to purchase an insurance policy that would insure the members' investments for up to $25 million. I couldn't imagine if you were working with them on things you needed done right away! We see no merit in this argument because the receiver's purpose in seeking attachment of the funds was not to pursue judgment against the Thompsons, but to gather property covered under the receivership order. (quoting Nicholas, 565 F.3d at 910). BBB Business Profiles are provided solely to assist you in exercising your own best judgment. In January 2013, the federal court dismissed Hampton's and the other accountholders' claims "without prejudice to being refiled in Ohio should accountholders believe that appropriate." We appreciate you taking the time to tell us about your investing experience with Equity Trust and our teams. An untimely assertion of the right bears on the question of prejudice. 2. At this point, none of the ira transfers have been completed. 3c. Did the district court err by denying the Thompsons' summary judgment motion? 322B.303, subd. you provide for any other purpose. Equity Trust Escrow, Inc. | The Department of Financial Protection and Innovation Equity Trust Escrow, Inc. License or Case Number: Escrow # 96DBO-45896 Date of Initial Action: 01/08/20 Defendants/Respondents: Equity Trust Escrow, Inc.; Altamirano, Iris; Vasquez, Yami aka Vasquez, Yamileth Documents: 01/08/20 Accusation (PDF) Accounting services rendered to one entity were invoiced to another entity, and a statement for legal services performed on behalf of many of the veil-pierced entities was sent to Nancy Thompson at IPA. Hampton also argues that, even if the federal court properly exercised jurisdiction under the Anti-Injunction Act, Equity Trust waived the application of the forum-selection clause by substantial litigation on the merits for over two years in Texas state court. While we have not yet decidednor have the parties here asked us to decidewhether the waiver determination for forum-selection clauses is governed by federal or state law, we have articulated waiver determinations in this context in two different ways. Does this investment require all or the majority of your life savings or are you being pressed to take out a loan or cash in your IRA? Equity Trust delayed almost two years before filing special exceptions arguing that Hampton's claims were proper only in Ohio based on a forum-selection clause. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. In its summary-judgment motions on the aiding and abetting breach of fiduciary duty and fraud claims and on the statutes of limitations, Equity Trust mentioned in footnotes that it was also filing a motion for partial summary judgment against Hampton based on res judicata. Even if phone numbers are provided, I haven't been able to connect to get input as to what is going on with funding my transactions. Although he was unsure whether their ownership agreement was ever reduced to writing, Cole claimed that the principals agreed that Cole and Abbott would each receive a one-third interest in the conglomeration of entities, with the Thompsons sharing the other third. I. 2013). The next month, Hampton and the other accountholders from the federal case sued Equity Trust, the Langguths, and another entity in Ohio state court, alleging violations of the Texas Securities Act, as well as several mostly fraud-related common law claims. Fla. Nov. 2, 2012); Fidelity Land Trust Company, LLC v. Mortgage Electronic A similar footnote appears in the summary-judgment motion on the Ohio Corrupt Practices Act claims. Following mediation, the parties informed the state court that only three plaintiffs still required rulings, including Laura Hampton in her individual capacity and in her capacity as an executrix. Remedies fall into two general categories: legal and equitable. . We respect your privacy and will not use the information you provide for any other purpose. Investors loaned approximately $3.5 million to IPM as part of the program. Whenever making an investment decision, please consult with your tax attorney or financial professional. In Bonner v. City of Prichard, 661 F.2d 1206, 1209 (11th Cir. WebI highly recommend Equity Trust Company! "To invoke the judicial process, a 'party must, at the very least, engage in some overt act in court that evinces a desire to resolve the . But after you sign up i feel they leave you at the door with a hefty ever increasing fee to do what? This appeal arises out of eight consolidated lawsuits involving a large-scale real estate investment fraud scheme allegedly orchestrated by appellants Geoff and . The district court also granted the request to pierce the corporate veil of each entity to hold the Thompsons personally responsible for the default judgment against the corporations under the alter ego theory. at 591. The investors also requested that the district court pierce the corporate veil of each corporate entity to hold the Thompsons personally responsible because the entities were their alter egos. This appeal by the Thompsons followed. The suits included claims for breach of fiduciary duty, breach of contract, intentional and negligent misrepresentation, conspiracy, accounting, civil theft, and violations of the Minnesota Prevention of Consumer Fraud Act, Minn.Stat. Cf. You are leaving trustetc.com to enter the ETC Brokerage Services (Member FINRA/SIPC) website (etcbrokerage.com), the registered broker-dealer affiliate of Equity Trust Company. Equity Trust Company knows the sad truth is fraudulent investments, Ponzi schemes, and scams can look legitimate and even come from a trusted source. Bloomberg Markets Americas. Recently opened an account and made my first real estate purchase. The Thompsons argue that the district court erred in denying their motion for summary judgment on the claims that were brought against them in their personal capacities. . Please try again. The state also sought to temporarily enjoin the principals and corporate entities from continuing their unlawful activities and the appointment of a receiver to identify and attach all non-exempt assets held by the parties involved in the fraud. Instead, the receiver was appointed pursuant to Minn.Stat. But because a final judgment has not been entered with respect to those claims, they are not reviewable on appeal. They refused to transfer my assets in-kind when they have done this for numerous other customers yet I am continuously given the runaround. AMC Entertainment Holdings, parent of the mega-exhibitor and led by CEO Adam Aron, in an SEC filing said it entered into an April 2 settlement Their bureaucracy and automated responses are stifling. 2009)). waiting on the phone forever so far over 20 minutes of HOLD! We do not reach the first issue, because even assuming arguendo that the federal court did not err in interpreting the Anti-Injunction Act to permit an injunction here, waiver of the forum-selection clause is unequivocally established on this record. As a matter of policy, BBB does not endorse any product, service or business. However, Equity Trust appears not to have pursued a hearing on its special exceptions, and apparently no hearing was ever set. Even in its summary-judgment motion based on res judicata, Equity Trust did not specifically discuss the forum-selection clause in Hampton's contract nor argue that the Texas state court should defer to the federal court. I wish their brokerage portion was cheaper. Minn.Stat. WebEquity Trust Company Business Profile Equity Trust Company Trust Company Multi Location Business Find locations Contact Information 1 Equity Way Westlake, OH 44145 Prognosis explores health, wellness, and the ways in which modern science is allowing us to live better - in both the long term, and day-to-day, Glencores Big Bid for Teck Extends Canadas Mining-Deal Heritage, Covids Origins Cant Be Tied to Wuhan Market, Chinese Researchers Say, US Service Gauge Falls More Than Expected as Demand Moderates, Feds Mester Says Rates Need to Move A Little Bit Higher, Poland Keeps Interest Rates on Hold With Talk of Cuts in Focus, Cheaper Mobile Plans Aim to Dislodge Complacent AT&T, Verizon Customers, Franco Manca Pizza Owner Gets Bid Amid Work-From-Home Slowdown, ChatGPT Opens Door to Four-Day Week, Says Nobel Prize Winner, Amazon Looks to Grow Diamonds in Bid to Boost Computer Networks, China Cant Be Peace Mediator for Ukraine, Lithuania Says, US-China Split Could Hinder Foreign Investment and Lower Global GDP, IMF Warns, Fund Star Terry Smith Builds $1 Billion Fortune With Riches Held Offshore, London Is Over. 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After the federal court dismissed Hampton's claims based on a forum-selection clause designating Ohio as the proper venue, Hampton sued Equity Trust in both Ohio and Texas Customers at the Millennium Trust Company may incur a fee schedule of three categories, including: 1. Take it as a warning sign if the salesperson is pushing a prospective investor to sign up immediately or trying to talk them out of taking some time to think it over and research the deal. Robin Hillbery answered all my questions today and was very professional by sending me the ETC forms that I needed to process some new distributions from existing SEP-IRA investments, plus she sent me Fair Market Valuation Forms, and Internal Account Transfer Forms that I needed for year-end asset adjustments!I would enjoy working with Robin again on any future ETC business for my SEP or ROTH-IRA accounts! For the last few years I've been trying to give these guys grace but their customer service is HORRIBLE! WebCollective trust funds are pools of funds maintained by a bank consisting of assets, as relevant here, of any employees stock bonus, pension, or profit-sharing trust that qualify under the Internal Revenue Code. Real estate transactions used to be cumbersome in the early years, but now these transactions are so simple to do. Pursuant to the terms of the Note, Star Homes borrowed $45,000.00 from Equity Trust, to be repaid in monthly installments of $645.52, due on the first day of each month, with the final installment due March 1, 2012. A month later, Equity Trust filed an amended answer to the Texas plaintiffs' second amended petition and original crossclaim, asserting as a one-sentence affirmative defense that the forum-selection clause in Hampton's contract with Equity Trust barred Hampton's claims in Texas state court. Were here to answer any questions, help guide you through the process, and provide more detailed information and education specific to your journey. Web+254-730-160000 +254-719-086000. Provitas, LLC v. Quality Ingredients Corp. Federal Rule of Appellate Procedure 42(b). All rights reserved. The footnotes state that, as a consequence, the other summary-judgment motions, as they apply to Hampton, may be mooted by the state court's ruling on the res judicata motion. To become a member, investors were required to enter into an AMP Plan Membership Agreement and pay a membership fee to Progressive Home Services, Inc., d/b/a Investment Properties of Minnesota or IPM Realty (IPM). The companys former name was Sterlink Trust Company but they Left an earlier negative review. As a directed custodian, we are not permitted to evaluate investments for our clients. The settlement clears the deck for AMC to potentially raise as much as $16 billion in equity, B. Riley Securities analyst Eric Wold said. 2016) (citing Mirant to support the proposition that "[a] statement by a party that it has a right to arbitration in pleadings or motions is not enough to defeat a claim of waiver" and declining to allow defendants "to gain an unfair advantage by virtue of their litigation conduct"). WebEQUITY TRUST COMPANY OPINION OF THE COMMISSION CEASE AND DESIST PROCEEDING Custodian of self-directed individual retirement accounts was charged with The Thompsons also claim that the receiver had no authority to pursue funds from North Fort Meyers because the receiver was only appointed in the Sober lawsuit and the funds held by North Fort Meyers were implicated in the Seminole Bay project, which was one of the bases for the Ahmann lawsuit. WebMeet Equity Trust: A Leader in Self-Directed IRAs. 576.01 in order to expand the receivership. Because the evidence in the record supports the finding that the Thompsons disregarded the corporate form in their involvement with the entities, the district court did not abuse its discretion in (1) piercing the corporate veil to hold the Thompsons personally responsible for the damages arising out of the default judgment; and (2) granting the receiver's motion to expand the receivership. The email address cannot be subscribed. BBB Business Profiles may not be reproduced for sales or promotional purposes. articles a month for anyone to read, even non-subscribers! Because the state was no longer a party at the time the receivership was expanded, the Thompsons contend that the district court had no authority under the statute. and then call them back and wait and wait and wait. 1:12-CV-250 Before REAVLEY, ELROD, and SOUTHWICK, Circuit Judges. Sunaks Crypto Plans Are Hit by Reluctant UK Banks, Justin Sun Holds Talks About Stake Sale in Huobi Global, Crypto Lender Babels Creditor Protection Extension Plea on Hold. Simple and easy. The Complaint alleges that EquiTrust Life Insurance Company sold a deferred annuity that matured after the buyers 105th Equity Trust Company Custodian v. Windwrap, LLC, No. Therefore, the receiver acted within its defined authority by requesting an expansion of the receivership. The Thompsons subsequently moved to dismiss for failure to state a claim under Minn. R. Civ. This is compounded by the fact that these representatives seldom arrive at a decisive and conclusive resolution to the issue at hand, instead providing automated responses that are either inconsistent or insufficient in addressing the problem.One can surmise that their inefficiencies, primarily rooted in their cumbersome bureaucratic procedures and unsatisfactory automated responses, impede progress and are suffocating to anyone attempting to engage with their services. Ms. Elizabeth Jerdonek, Chief Administrative Office, General Counel, Matthew Gardener, Chief Financial Officer, Ms. Hope Gonzales, Director of Investment Operations. In the arbitration context, we have held that "[w]aiver will be found when the party seeking arbitration substantially invokes the judicial process to the detriment or prejudice of the other party." You are leaving trustetc.com to enter the ETC Brokerage Services (Member FINRA/SIPC) website (etcbrokerage.com), the registered broker-dealer affiliate of Equity Trust Company. WebRipoff Report on: Equity Trust Company - Equity trust company etc midohio securities selfdirected ira roth elyria ohio. The role of a receiver is to act as a fiduciary representing the court and all parties in interest, and the purpose and scope of a receivership is defined by court order. Co., 148 S.W.3d 109, 120-21 (Tex. As part of the agreement, members were entitled to call the note (have their money returned) at any time for any reason, and IPM was also required to purchase an insurance policy that would insure the members' investments for up to $25 million. I couldn't imagine if you were working with them on things you needed done right away! We see no merit in this argument because the receiver's purpose in seeking attachment of the funds was not to pursue judgment against the Thompsons, but to gather property covered under the receivership order. (quoting Nicholas, 565 F.3d at 910). BBB Business Profiles are provided solely to assist you in exercising your own best judgment. In January 2013, the federal court dismissed Hampton's and the other accountholders' claims "without prejudice to being refiled in Ohio should accountholders believe that appropriate." We appreciate you taking the time to tell us about your investing experience with Equity Trust and our teams. An untimely assertion of the right bears on the question of prejudice. 2. At this point, none of the ira transfers have been completed. 3c. Did the district court err by denying the Thompsons' summary judgment motion? 322B.303, subd. you provide for any other purpose. Equity Trust Escrow, Inc. | The Department of Financial Protection and Innovation Equity Trust Escrow, Inc. License or Case Number: Escrow # 96DBO-45896 Date of Initial Action: 01/08/20 Defendants/Respondents: Equity Trust Escrow, Inc.; Altamirano, Iris; Vasquez, Yami aka Vasquez, Yamileth Documents: 01/08/20 Accusation (PDF) Accounting services rendered to one entity were invoiced to another entity, and a statement for legal services performed on behalf of many of the veil-pierced entities was sent to Nancy Thompson at IPA. Hampton also argues that, even if the federal court properly exercised jurisdiction under the Anti-Injunction Act, Equity Trust waived the application of the forum-selection clause by substantial litigation on the merits for over two years in Texas state court. While we have not yet decidednor have the parties here asked us to decidewhether the waiver determination for forum-selection clauses is governed by federal or state law, we have articulated waiver determinations in this context in two different ways. Does this investment require all or the majority of your life savings or are you being pressed to take out a loan or cash in your IRA? Equity Trust delayed almost two years before filing special exceptions arguing that Hampton's claims were proper only in Ohio based on a forum-selection clause. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. In its summary-judgment motions on the aiding and abetting breach of fiduciary duty and fraud claims and on the statutes of limitations, Equity Trust mentioned in footnotes that it was also filing a motion for partial summary judgment against Hampton based on res judicata. Even if phone numbers are provided, I haven't been able to connect to get input as to what is going on with funding my transactions. Although he was unsure whether their ownership agreement was ever reduced to writing, Cole claimed that the principals agreed that Cole and Abbott would each receive a one-third interest in the conglomeration of entities, with the Thompsons sharing the other third. I. 2013). The next month, Hampton and the other accountholders from the federal case sued Equity Trust, the Langguths, and another entity in Ohio state court, alleging violations of the Texas Securities Act, as well as several mostly fraud-related common law claims. Fla. Nov. 2, 2012); Fidelity Land Trust Company, LLC v. Mortgage Electronic A similar footnote appears in the summary-judgment motion on the Ohio Corrupt Practices Act claims. Following mediation, the parties informed the state court that only three plaintiffs still required rulings, including Laura Hampton in her individual capacity and in her capacity as an executrix. Remedies fall into two general categories: legal and equitable. . We respect your privacy and will not use the information you provide for any other purpose. Investors loaned approximately $3.5 million to IPM as part of the program. Whenever making an investment decision, please consult with your tax attorney or financial professional. In Bonner v. City of Prichard, 661 F.2d 1206, 1209 (11th Cir. WebI highly recommend Equity Trust Company! "To invoke the judicial process, a 'party must, at the very least, engage in some overt act in court that evinces a desire to resolve the . But after you sign up i feel they leave you at the door with a hefty ever increasing fee to do what? This appeal arises out of eight consolidated lawsuits involving a large-scale real estate investment fraud scheme allegedly orchestrated by appellants Geoff and . The district court also granted the request to pierce the corporate veil of each entity to hold the Thompsons personally responsible for the default judgment against the corporations under the alter ego theory. at 591. The investors also requested that the district court pierce the corporate veil of each corporate entity to hold the Thompsons personally responsible because the entities were their alter egos. This appeal by the Thompsons followed. The suits included claims for breach of fiduciary duty, breach of contract, intentional and negligent misrepresentation, conspiracy, accounting, civil theft, and violations of the Minnesota Prevention of Consumer Fraud Act, Minn.Stat. Cf. You are leaving trustetc.com to enter the ETC Brokerage Services (Member FINRA/SIPC) website (etcbrokerage.com), the registered broker-dealer affiliate of Equity Trust Company. Equity Trust Company knows the sad truth is fraudulent investments, Ponzi schemes, and scams can look legitimate and even come from a trusted source. Bloomberg Markets Americas. Recently opened an account and made my first real estate purchase. The Thompsons argue that the district court erred in denying their motion for summary judgment on the claims that were brought against them in their personal capacities. . Please try again. The state also sought to temporarily enjoin the principals and corporate entities from continuing their unlawful activities and the appointment of a receiver to identify and attach all non-exempt assets held by the parties involved in the fraud. Instead, the receiver was appointed pursuant to Minn.Stat. But because a final judgment has not been entered with respect to those claims, they are not reviewable on appeal. They refused to transfer my assets in-kind when they have done this for numerous other customers yet I am continuously given the runaround. AMC Entertainment Holdings, parent of the mega-exhibitor and led by CEO Adam Aron, in an SEC filing said it entered into an April 2 settlement Their bureaucracy and automated responses are stifling. 2009)). waiting on the phone forever so far over 20 minutes of HOLD! We do not reach the first issue, because even assuming arguendo that the federal court did not err in interpreting the Anti-Injunction Act to permit an injunction here, waiver of the forum-selection clause is unequivocally established on this record. As a matter of policy, BBB does not endorse any product, service or business. However, Equity Trust appears not to have pursued a hearing on its special exceptions, and apparently no hearing was ever set. Even in its summary-judgment motion based on res judicata, Equity Trust did not specifically discuss the forum-selection clause in Hampton's contract nor argue that the Texas state court should defer to the federal court. I wish their brokerage portion was cheaper. Minn.Stat. 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