Langille

UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA 9 ROBINSON L. LANGILLE, et al., Case No. 2:19-cv-00454-KJM-AC Plaintiffs, v. ORDER BERTHEL, FISHER & COMPANY

FINANCIAL SERVICES, INC.,

14 Defendant. 15 Plaintiffs allege defendant’s former employee, a financial advisor, steered plaintiffs into high risk, high cost investments ill-suited for their financial needs and goals. Defendant moves to dismiss, or, in the alternative, for summary judgment. As explained below, the court finds summary judgment is not warranted at this juncture but GRANTS the motion to dismiss. I. BACKGROUND Plaintiffs Robinson Langille and Linda Langille, a married couple, both retired, bring this suit against defendant Berthel, Fisher & Company Financial Services, Inc., an Iowa corporation doing business in California as an independent broker-dealer, subject to all Financial Regulatory Authority (“FINRA”) rules as a FINRA-registered broker-dealer. First Am. Compl. (“FAC”), ECF No. 15, ¶¶ 2−5. Shawn B. Davis…