Investors might have sustained losses due to securities broker Glennon James Cole (also known as Glen Cole) [CRD: 1999588, Manchester, Missouri], based on the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Cole was employed by Moloney Securities Co. Inc. from September 14, 2012, to February 8, 2021. Continue reading to learn more about Cole’s disclosures involving further allegations of unsuitable recommendations and negligence.
Specifically, on July 10, 2023, a Moloney Securities Co. Inc. client filed FINRA Arbitration No. 23-01906 about Glennon Cole. Mainly, the client alleged unsuitable recommendations and negligence from 2018 to 2020. Because of this, the client allegedly sustained damages on direct investments. Therefore, the client requested $150,000 in compensation from Moloney Securities Co. Inc. or Cole. Evidently, this arbitration is pending a resolution.
Particularly, a client of Moloney Securities Co. Inc. contested Glennon Cole’s sales practices by filing FINRA Arbitration No. 22-01272. Allegedly, Cole gave unsuitable advice and was negligent between 2012 and 2019. It appears that Cole allegedly caused the client to sustain damages. Consequently, Moloney Securities Co. Inc. opted to settle the matter on October 11, 2023, by compensating the client in the amount of $55,000.
Also, a Moloney Securities Co. Inc. client filed FINRA Arbitration No. 22-02190 about Glennon Cole. Evidently, the client alleged negligence and improper advice. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, on January 2, 2024, Moloney Securities Co. Inc. settled this matter by paying the client $15,000 in damages.
Additionally, a Moloney Securities Co. Inc. client filed FINRA Arbitration No. 22-00931 about Glennon Cole. Supposedly, Cole recommended unsuitable direct investments and was negligent. This resulted in alleged damages in the amount of $700,000. On February 20, 2024, Moloney Securities Co. Inc. settled this matter by compensating the client $375,000.
Notably, a client of Moloney Securities Co. Inc. contested Glennon Cole’s sales practices by filing FINRA Arbitration No. 21-00921. Allegedly, Cole made unsuitable recommendations involving real estate securities and direct investments. It appears that Cole allegedly caused the client to sustain damages. Consequently, Moloney Securities Co. Inc. opted to settle the matter on April 1, 2022, by compensating the client in the amount of $122,500.
Have you sustained losses due to Glennon Cole? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors across the country, works on a contingency fee basis, and advances all costs. Cole and brokerage firms he worked for deny accusations of sales practice violations.
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