and Marcus, Stowell & Beye Government Securities, Inc. Marcus, Stowell & Beye Government Securities, Inc. is a broker-dealer registered with both the Securities and Exchange Commission and the National Association of Securities Dealers. Plaintiffs hired Tony Biancarosa, a certified public accountant and one of their employees, to seek out an investment for the plaintiffs. It appears from the record that the plaintiffs wanted an investment that offered immediate tax deductions in order to shelter current income. Biancarosa contacted Beck who referred him to Finkel who supplied him with a Jade Coal Co., Ltd. offering circular. The circular contained: a confidential memorandum, a tax opinion, a proposed coal sublease agreement, a coal mining report on the property to be subleased by the partnership, the limited partnership agreement, and a                _______          ___________
                                  14.0000          $203,000.00

Once the offering for Jade was fully subscribed, the investors executed the limited partnership agreement included in the offering circular. Jade was chartered on December 17, 1976 pursuant to the limited partnership laws of the State of Florida.
The Jade Limited Partnership Agreement provided that the purpose of the partnership was to engage in the exploration, mining, development and