Mark Dutram Settles Customer Complaint in 2015

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 11, 2017 indicate that former Missouri-based National Planning Corporation broker/adviser William Glaser has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Glaser (CRD# 1274847).

William Glaser has spent 32 years in the securities industry and was most recently registered with National Planning Corporation in St. Albans Rd., Missouri (2007-2017). Previous registrations include Investment Planners in Chesterfield, Missouri; Cutter & Company in Ballwin, Missouri; JE Liss & Company in Milwaukee, Wisconsin; Walnut Street Securities in El Segundo, California; Investment Management & Research in St. Petersburg, Florida; Integrated Resources Equity Corporation; Mark Twain Brokerage Services; and ISFA Corporation. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has been sanctioned by FINRA, has received one pending customer complaint, was terminated from his former employer, and has been named in a pending criminal investigation.

In September 2017 FINRA sanctioned him following allegations he “refused to respond to FINRA requests for information and documents in connection with an investigation into the circumstances surrounding the termination of Glaser’s registration by his member firm.” FINRA’s findings state further: “the firm terminated Glaser’s registration, reporting that it had received an arbitration claim alleging that he had solicited a private investment away from the firm.” He was indefinitely barred from acting as a broker or otherwise associating with firms that sell securities to the public.

In June 2017, he was named respondent in an investigation by the US Attorney’s Office and the Federal Bureau of Investigation “related to investments involving Paul Creager and his companies.” The investigation remains pending. According to a St. Louis Post-Dispatch report published in July 2017: “An infirm Navy veteran from St. Louis County has lost more than $400,000 after his longtime investment adviser persuaded him to lend his lifetime savings to a homebuilder now involved in a criminal investigation by federal authorities. Frank B. Steinberger’s complaint to the Financial Industry Regulatory Authority, a nonprofit that regulates investment brokers and dealers, says William A. Glaser, of St. Albans, had Steinberger sell annuities he owned and incur $45,000 in surrender charges to invest in two promissory notes with Everett Builders LLC, a company run by Paul Everett Creager.”

In June 2017, he was terminated from his position at National Planning Corporation after the firm “received an arbitration claim containing allegations that [he] solicited a private investment away from the firm” and Mr. Glaser “admitted to personally making a similar private investment that was not previously disclosed to or approved by the firm.”

In June 2017 a customer alleged William Glaser, while employed at National Planning Corporation, breached his fiduciary duty, violated FINRA rules, violated Missouri securities laws, failed in his supervisory duties, breached contract, and acted negligently. The customer is seeking $406,632 in damages in the pending complaint.

If you or someone you know has lost money investing with William Glaser, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.