The allegations read: Teryl trenchard was a subject of the customer's complaint against his member firm that asserted the following causes of action: claimant asserted the following causes of action against capitol securities management, inc.: fraud, conversion, breach of fiduciary duty, negligence, negligent supervision, and respondent superior; claimant asserted the following causes of action against aegis capital corp. And capitol securities management, inc.: fraud, conversion, breach of fiduciary duty, negligence, negligent supervision, respondeat superior and violations of state securities laws; claimants asserted the following causes of action against fidelity brokerage services llc: negligence, gross negligence and unjust enrichment; and claimants asserted a cause of action against fidelity brokerage services llc and capitol securities management, inc. For violations of state securities laws. The causes of action relate to claimants' allegations that their registered representative at both aegis capital corp. And capitol securities management, inc. Engaged in a scheme whereby he transferred funds out of claimants' accounts, without their consent, into other accounts at aegis capital corp., capitol securities management, inc., and fidelity brokerage services llc including accounts in his own name, and then sent claimants forged account statements allegedly to create the impression that their accounts were fully funded.
