EVAN JAY ADELGLASS, according to FINRA’s BrokerCheck, has been registered both as a broker and as an investment advisor with LPL FINANCIAL LLC, in Ansonia, Connecticut, since August 31, 2005.
According to BrokerCheck, available on FINRA’s website to the public, EVAN JAY ADELGLASS, has been in the securities industry for 30 years and was listed with 10 firms. Adelglass has 3 disclosures on his FINRA CRD report. All 3 disclosures are, “Customer Disputes.” One dispute from 2002, with the allegations of, “FLORIDA RESIDENT CONPLAINS THAT UPON REVIEWING JOINT AND IRA ACCOUNTS AFTER HER HUSBANDS DEATH SHE DISCOVERED THAT HIGHLY SPECULATIVE INVESTMENTS HAD BEEN PURCHASED WHICH WERE UNSUITABLE FOR FINANCIAL STATUS. ALSO CONPLAINS THAT TRANSACTIONS NOT AUTHORISED IN HER IRA ACCOUNT. ACTIVITY OCCURREDE BETWEEN 1999 AND 2001. SEEKS $283,677, REPRESENTING VALUE LOSS PLUS INTEREST,” was denied.
There was a “Customer Dispute” filed against EVAN JAY ADELGLASS on 10/02/24 that is currently pending. The allegations are, “Customer alleges that investments made were unsuitable for the customer's investment objectives and risk tolerance. Time period: 2020-2024.” The damage amount requested is $600,000.00. Adelglass denies the allegations.
On 10/07/24, another “Customer Dispute” was filed against EVAN JAY ADELGLASS, with allegations of, “Customers allege that investments made were unsuitable for the customers' investment objectives and risk tolerance. Time frame: 2021-2024.” This dispute is pending. The damage amount requested is $330,000.00. Adelglass denies the allegations.
On the SEC’s website, they state that on June 5, 2019, the Securities and Exchange Commission adopted Regulation Best Interest, which established a new standard of conduct under the Securities Exchange Act of 1934 for broker/dealers and those associated persons of a broker/dealer when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer. When making such a recommendation to a retail customer, they must act in the best interest of the customer at the time the recommendation is made, without placing their financial or other interest ahead of the retail customer’s interests.
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