The allegations read: Richard ress was a subject of the customer's complaint against his member firms that asserted the following causes of action: breach of fiduciary duty, fraud, misrepresentations, breach of contract, failure to supervise, respondeat superior, violations of the securities and exchange act of 1934, and violations of the michigan uniform securities act. The causes of action related to the recommendation to invest in the belbrook capital fund, llc. Claimant alleged that respondents directed and effected unsuitable trading in claimant's trust account and misrepresented and omitted material facts.
