fbpx

Former Gradient Securities Financial Advisor, Glenn Lattz, Subject Of A Customer Complaint For Allegedly Liquidating A Customer’s Annuity

Glenn Lattz is a former Financial Advisor at Gradient Securities in Lady Lake, Florida.  Glenn Lattz has been in the securities industry since the 1980s and previously worked for Traderight Securities and Legacy Financial Services.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on April 10, 2018, Glenn Lattz became the subject of a customer complaint for allegedly liquidating a customer’s annuity without authorization.  Specifically, it is alleged:

“Respondent liquidated customers annuities subject them to penalties and losses.”  Alleged damages are $150,000.

https://brokercheck.finra.org/individual/summary/1744697#disclosuresSection

This is not Glenn Lattz’s first blemish.  In 2015, Glenn Lattz was sanctioned by the Florida Department of Financial Services for making “misrepresentations on an annuity application.”  Glenn Lattz was fined and placed on probation.  In 2007, he was sanctioned by the Florida Office of Financial Regulation for holding seminars without first having his written materials approved by his employing firm.  It was determined that the materials he provided to customers contained false or misleading statements.  This conduct ultimately led to his employment separation with Legacy Financial Services.

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.  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.  The Wolper Law Firm 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]