Opinion ID: 2222259
Heading Depth: 1
Heading Rank: 8

Heading: fifth cause of action. negligence: best execution and operational capability

Text: Appellants contend on appeal that the district court erred in dismissing their fifth cause of action. Despite the absence of an evidentiary record supporting its entitlement to summary judgment, Ameritrade nevertheless argues on appeal that based on the petition, the district court did not err in entering summary judgment in its favor as to the fifth cause of action, entitled Negligence. Ameritrade argues that on the face of the petition, this cause of action can be generally characterized as claiming that Ameritrade failed in its duty to satisfy the best execution rule and failed to meet standards of operational capability. Ameritrade states that appellants are unable to establish their claims relative to best execution and that their claims relative to operational capability are preempted by federal law. Given the record and language of the petition, we agree with appellants that the district court erred in dismissing the fifth cause of action.