ORDER
SHERMAN G. FINESILVER, Chief Judge.
This matter is before the Court on the following motions: 1) motion to dismiss for lack of standing, filed by Colorado Municipal Bond Dealers Association, Inc. ("CMBDA") and Russell B. Heise ("Heise"); 2) motion to stay action pending arbitration, filed by defendants Hanifen Imhoff Inc. ("Hanifen Imhoff"), Walter F.
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