The allegations read: Donald g. Dewaay, jr. Was named in a customer complaint that asserted the following causes of action: violation of finra rules of supervision and suitability, breach of fiduciary duty, negligence, negligent supervision, respondeat superior, misrepresentation, control person liability, and violations of the employee retirement income security act ("erisa").
claimants alleged that respondent recommended speculative, illiquid products in an excessively high portion of claimants portfolio and did not diversify the asset allocation for their retirement plan.
