The allegations read: William glaser was a subject of a customer's complaint against his member firm that asserted the following causes of action:
respondeat superior, breach of fiduciary duty, violation of missouri's securities act \\u00a7 409-5.501 et al., negligence/negligent misrepresentation/omission, common law fraud, breach of contract, and negligent supervision. The causes of action relate to claimant's allegations that respondent's registered representative, an unnamed party, invested claimant's assets in two fraudulent promissory notes and recommended other unsuitable investments, including non-traded real estate investment trusts and variable annuities, for the sole purpose of generating commissions and fees to benefit the unnamed party and respondent.
