Glenn E. Brandon Investigation
February 2024- Birmingham, AL
The FINRA records of Glenn Edward Brandon, a former broker who was last employed by BB&T Securities disclose a final regulatory matter resulting in a bar from the industry , 7 prior customer disputes and two terminations from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 10/2021, in FINRA case#2021070227901 Glenn 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 that were not disclosed or approved by his member firm. Brandon was permanently barred from FINRA in all capacities.
Brandon discloses that the following customer disputes were resolved:
- Case NASD #02-02935 – A J.C. Bradford & Co. customer alleged negligence and suitability and was awarded $5700 by an arbitration panel.
- In 5/2017 a Morgan Stanley client alleged unsuitability with respect to certain investments and was paid $212,500 to resolve the matter.
- In Case #10-04641, a Citigroup Global Markets client alleged that Brandon purchased bank stocks that client had instructed him not to buy, resulting in a loss. The case settled for $49,000.
- In August 2010, a Citigroup Global Markets client alleged unsuitable and unauthorized trades. The case evolved into a civil litigation in Jefferson County Alabama Circuit Court case #01-CV-2010-902963.00 and settled for $6,000.
Other Cases Involving Unauthorized Trading
Solicited vs Unsolicited Trades
In 1/2021 Brandon was permitted to resign from BB&T Securities after he approached the firm to voluntarily resign while they were conducting an internal review of client activity.
In September of 2015, Brandon voluntarily resigned from Morgan Stanley after allegations made by firm relating to inappropriately high commission to equity ratios for a specific set of clients.
Brandon was with BB&T Securities from 9/2015-2/2021. Before that time he was with Morgan Stanley and Citigroup Global Markets.
If you have losses in an account handled by Glenn Brandon, Jr. contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Nationwide Representation
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870
