FRAUD ALERT—Daniel Glick, Formerly With Transamerica Financial Advisors, Inc., Barred By FINRA After Criminal Conviction For Stealing Money From Clients

• July 16, 2018
• Transamerica

The Wolper Law Firm is currently investigating claims against Daniel Glick, a Financial Advisor at Transamerica Financial Advisors in Oakland Park, Illinois.  Daniel Glick first entered the securities industry in the 1990s and previously worked for World Group Securities and World Equity Group.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on May 4, 2018, the Securities Exchange Commission permanently barred Daniel Glick from associating with any broker dealer.  This sanction follows an investigation and separately filed criminal charges against Daniel Glick for scamming elderly investors out of more than $5 million.  Daniel Glick converted the money for his own personal use.

https://www.sec.gov/litigation/admin/2018/34-83173.pdf

This misconduct has led to the filing of two customer complaints against Transamerica and Daniel Glick for “misappropriation of funds”.  The first complaint, filed in February 2018, alleged damages of $6.42 million while the second complaint alleged damages of $200,000.

https://brokercheck.finra.org/individual/summary/2175655#disclosuresSection

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.

If you or someone you know was a customer of Daniel Glick and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  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 lawyers 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.  Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.