Last Updated: January 2025, Brookfield, WI
Peter Glowacki Investigation Summary
Here’s what you need to know about Brookfield, WI, stockbroker Peter Glowacki:
- Name: Peter Joseph Glowacki
- Last Registered Employer: TCFG Wealth Management
- Former Employer: RBC Capital Markets, LLC
- CRD Number: 1156214
- Function: Former Stockbroker / Financial Advisor
- Primary Location: Brookfield, WI
- Aliases: Peter Glowacki
- Can Peter Glowacki be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: Yes
If you’ve sustained damages from Mr. Glowacki, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Peter Glowacki As Your Stockbroker?
Mr. Glowacki was sanctioned by FINRA on November 21, 2024 (Case #2023078269701), including a two-month suspension (December 2, 2024, through February 1, 2025) and a $10,000 fine. The sanctions arose from allegations that Mr. Glowacki:
- Exercised discretionary authority to place 105 trades for nine customers without obtaining prior written authorization or having their accounts approved as discretionary.
- Conducted securities-related communications via text messages from his personal phone, which were not reviewed or retained by his firm.
- Violated FINRA Rule 4511 by failing to preserve records, resulting in incomplete books and records.
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
Additionally, Mr. Glowacki was terminated by RBC Capital Markets, LLC on February 21, 2023, for violating firm policies related to time and price discretion, order execution, and electronic communications.
Allegations of Broker Misconduct Against Peter Glowacki
Customers and regulatory bodies have alleged the following misconduct against Peter Glowacki:
- Unauthorized Trading and Discretionary Authority Violations:
Mr. Glowacki placed trades in customer accounts without written authorization or discretionary account approval, violating FINRA Rule 3260. - Failure to Preserve Records:
FINRA found that Mr. Glowacki failed to retain securities-related communications, which breached FINRA Rule 4511 requiring brokers to maintain accurate and complete records. - Improper Use of Personal Communication Channels:
Allegations included using personal text messages for securities-related business, which was not disclosed to or approved by the employing firm. - Employment Termination Following Allegations:
Mr. Glowacki was discharged by RBC Capital Markets, LLC in 2/2023, for violations including unauthorized discretionary trading and conducting business while in an unapproved location.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Peter Glowacki, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.