This is an action brought by Duane A. Peters (Peters) for alleged violations of the Tennessee Securities Act of 1980 and the Tennessee Consumer Protection Act of 1972. Peter's suit against Commonwealth Associates (Commonwealth) arose out of investments made by Peters through David Didkin, an agent of Commonweath. Commonwealth moved to stay this action and to compel arbitration of Peters' claim pursuant to T.C.A. § 29- 5-301 e t s e q. , the Uniform Arbitration Act. In support of its motion, Commonwealth relied upon a written agreement, signed by Peters, wherein he agreed to submit al controversies between the parties to arbitration. The trial court granted Commonwealth's motion, staying ll proceedings in court and ordering the parties to proceed with arbitration. Peter's appeals raising the following issues:
Any condition, stipulation, or provision binding any person on acquiring any security to waive compliance with any provision of this part or any rule order hereunder is void.