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Broker Glenn Brandon, Jr. Barred by FINRA

Glenn Brandon (CRD#: 10516820) is a previously registered Broker.

Broker’s Background

Glenn Brandon entered the securities industry in 1982 and previously worked for BB&T Securites, LLC; Morgan Stanley; Citigroup Global Markets, Inc.; Legg Mason Wood Walker, Inc.; UBS Painewebber, Inc.; and J.C. Bradford & Co.

Current And Past Allegations Of Conduct Leading To Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in October 2021, FINRA sanctioned Glenn Brandon, barring him from all capacities indefinitely beginning October 15, 2021. The FINRA sanction states, “Without admitting or denying the findings, Brandon consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation into whether he engaged in outside business activities (OBAs) that were not disclosed to or approved by his member firm.”

For a copy of the FINRA sanction, click here.

When a brokerage firm does not adequately supervise its employees that are selling private securities, this practice can lead to “selling away.”  FINRA strictly prohibits financial advisors from “selling away” or selling securities and investments to clients that are not offered by the brokerage firm with which they are employed. For example, it is illegal and a violation of industry rules for a financial advisor to recommend or even suggest that a client invest in the financial advisor’s own business or a business operated by his or her friends or family. It is not necessary that the financial advisor earn any compensation for recommending an outside investment.
The purpose behind this prohibition is to ensure that a financial advisor only offers to sell securities that have been vetted by his or her employer brokerage firm through a rigorous due diligence process. Most brokerage firms have an approved list of investments, products, and research that can be provided or made available to clients. Any deviation by the financial advisor from the approved product list may constitute selling away.

In addition, Glenn Brandon has been the subject of seven customer complaints and/or employment disclosures, including the following:

  • January 2021 – “While conducting an internal review of client activity Mr. Brandon approached the firm to voluntarily resign.” Glenn Brandon was permitted to resign from BB&T Securities, LLC.
  • December 2016 – “CLIENT’S ATTORNEY ALLEGES UNSUITABILITY, INTER ALIA, WITH RESPECT TO INVESTMENTS – MAY – SEPTEMBER 2015.” The customer dispute was closed with no action.
  • February 2016 – “CLIENT’S ATTORNEY ALLEGES UNSUITABILITY, INTER ALIA, WITH RESPECT TO INVESTMENTS FROM MARCH 2012 TO JANUARY 2015.” The customer dispute was settled for $212,500.
  • September 2015 – “Allegations made by firm relating to inappropriately high commission to equity ratios for specific set of clients.” Glenn Brandon voluntarily resigned from Morgan Stanley.
  • November 2010 – “CLAIMANT ALLEGES, INTER ALIA, THAT IN AUGUST 2008 THE FA PURCHASED BANK STOCKS THAT THE CLIENT HAD INSTRUCTED HIM NOT TO BUY.” The customer dispute was settled for $49,000.
  • August 2010 – “CLAIMANTS ALLEGE, INTER ALIA, THAT ON FEBRUARY 28, 2008 AND AGAIN IN MAY OF 2008 THE FINANCIAL ADVISOR MADE UNSUITABLE AND UNAUTHORIZED TRADES IN THE CLAIMANTS’ ACCOUNTS.” The customer dispute was settled for $6,000.
  • May 2002 – “CLAIMANT ALLEGES THAT MR. BRANDON RECOMMENDED AN INVESTMENT RETIREMENT FUND THAT WAS NOT SUITABLE FOR HIS INVESTMENT OBJECTIVE OF LONG TERM GROWTH.” The customer was granted damages of $5,768.32. For a copy of the arbitration details, click here.
  • March 2001 – “CLIENT ALLEGES FA PURCHASED 200 SHARES OF INTEL CORP. AND APPROXIMATELY 365 SHARES OF DREYFUS PREMIER TECHNOLOGY GROWTH FUND WITHOUT CLIENT’S PERMISSION. DAMAGES UNSPECIFIED BUT ESTIMATED TO BE OVER $5,000.” The customer dispute was denied.
  • August 2000 – “CUSTOMERS CLAIM THAT MR. BRANDON FAILED TO FOLLOW THEIR INSTRUCTIONS IN MAY 2000 BY NOT CONTACTING CUSTOMER WHEN THE ‘STOCK {QUALCOMM} STARTED SLIPPING’.” The customer dispute was denied.

For a copy of Glenn Brandon’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.   

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]