The allegations read: Lance jeffrey ziesemer was a subject of the customer's complaint against his member firm that asserted the following causes of action: violation of finra rules; negligence; gross negligence; negligent misrepresentation/omission; negligent hiring; negligent retention; negligent supervision; breach of duty of good faith and fair dealing; breach of contract; breach of fiduciary duty; aiding and abetting a breach of fiduciary duty; fraud; aiding and abetting fraud; violation of minn. Stat. \\u00a7 80a.76; aiding and abetting a violation of minn. Stat. \\u00a7 80a.76; violation of section 10b and rule 10b-5 of the securities exchange act of 1934, 15 u.s.c. \\u00a7 78j(b) and 17 c.f.r. \\u00a7 240.10b-5; aiding and abetting a violation of section 10b and rule 10b-5 of the securities exchange act of 1934, 15 u.s.c. \\u00a7 78j(b) and 17 c.f.r. \\u00a7 240.10b-5; violation of section 206 of the investment advisers act of 1940, 15 u.s.c. \\u00a7 80b-6; and aiding and abetting a violation of section 206 of investment advisers act of 1940, 15 u.s.c. \\u00a7 80b-6. The causes of action related to claimant's allegation that his broker ("broker"), employed by respondent at the time, improperly exercised discretionary authority to purchase unsuitable investments concentrated in natural resources/energy, real estate, and financial services.
