William Glaser— Alleged Private Investment away from the Firm

Cleveland stockbroker fraud lawyerWilliam A. Glaser Terminated by Missouri-based National Planning Corporation Following Arbitration Claim that He Allegedly Solicited a Private Investment away from the Firm; Glaser Barred by FINRA

William Glaser was terminated by Missouri-based National Planning Corporation following an arbitration claim that he allegedly solicited a private investment away from the firm, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to William Glaser’s alleged private investment away from his firm are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating William Glaser’s alleged private investment away from his firm.

William Glaser then allegedly refused to respond to FINRA requests for information and documents in connection with the aforementioned investigation regarding the circumstances surrounding his termination by National Planning Corporation, according to the aforementioned AWC.

Hence, based on the aforementioned behavior, Glaser allegedly violated FINRA Rules and hence was barred by FINRA from acting as a broker or otherwise associating with firms that sell securities to the public, the AWC states.

William Glaser Allegedly Convinced a 76-Year-Old Infirm Navy Veteran, Frank Steinberger of St. Louis County to Lend Him over $400,000; Glaser Allegedly Advised Steinberger to Sell Annuities and Purportedly Incurred $45,000 in Surrender Charges to Invest in Two Promissory Notes with Everett Builders LLC

William Glaser allegedly convinced a 76-year-old infirm Navy veteran, Frank Steinberger, of St. Louis County, according to reports from the St. Louis Post-Dispatch currently under review by attorneys Alan Rosca and James Booker.

The St. Louis Post-Dispatch further reports:

“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.”

What is more, the Better Business Bureau (BBB) of Eastern Missouri and Southern Illinois also reports:

“On August 9, 2017, U. S. District Court Eastern District of Missouri Eastern Division, indicted Paul Everett Creager, owner of Everett Builders, on two felony counts of wire fraud. Mr. Creager was arrested and released on $10,000 bond. The indictment states Mr. Creager financed his business activities with, among other things, promissory notes, borrowing through at least one private lender and by selling interests in his entities to investors wishing to acquire equity.”

Finally, one should also note that, according to the AWC, William A. Glaser neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating William Glaser’s alleged private investment away from his firm. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of William Glaser’s alleged private investment away from his firm may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1252 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.