Barnett Banks Inc. has been socked with a class action alleging that its brokerage subsidiary misled elderly customers about investment risks.

The case, filed this week in a Florida circuit court, alleges that Barnett Securities Inc. has engaged in deceptive sales practices over the past five years. It was filed by Alpert, Barker & Calcutt, a Tampa, Fla.- based law firm that has brought similar suits against several banks.

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