Soreide Law Group is investigating possible investor claims against Glennon James Cole (also known as Glen James Cole) (CRD: 1999588, Manchester, Missouri). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Moloney Securities Co. Inc. Notably, one or more investors alleged misconduct in these disputes, including that Cole made unsuitable recommendations and was negligent. Here is a brief summary of the disclosures about Cole.
Evidently, a Moloney Securities Co. Inc. client filed FINRA Arbitration: 22-02169 about Glennon Cole. Namely, the client alleged that Cole provided unsuitable advice and was negligent. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, on May 9, 2023, Moloney Securities Co. Inc. settled this matter by paying the client $25,000 in damages.
Particularly, a client of Moloney Securities Co. Inc. contested Glennon Cole’s sales practices by filing FINRA Arbitration: 22-02190 on October 4, 2022. Allegedly, Cole made unsuitable recommendations and was negligent. It appears that Cole caused the client to sustain damages on corporate bonds. Therefore, the client seeks compensatory relief from Moloney Securities Co. Inc. or Cole in the amount of $33,000 in this ongoing matter.
Also, on June 13, 2022, a Moloney Securities Co. Inc. client filed FINRA Arbitration: 22-01272 about Glennon Cole. Namely, the client alleged that Cole was negligent and provided unsuitable advice. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, the client requested compensation from Moloney Securities Co. Inc. or Cole. Evidently, this arbitration is pending a resolution.
Also, on May 2, 2022, a Moloney Securities Co. Inc. client filed FINRA Arbitration: 22-00931 about Glennon Cole. Namely, the client alleged that Cole made unsuitable recommendations. Because of this, the client allegedly sustained damages on direct investments (LP interests and DPP interests). Therefore, the client requested $700,000 in compensation from Moloney Securities Co. Inc. or Cole in this ongoing matter.
Specifically, a client of Moloney Securities Co. Inc. contested Glennon Cole’s sales practices by filing FINRA Arbitration: 21-00921. Allegedly, Cole provided unsuitable advice. It appears that Cole caused the client to sustain damages on real estate securities and direct investments (LP interests and DPP interests). Therefore, Moloney Securities Co. Inc. opted to settle the matter on April 1, 2022, by compensating the client in the amount of $122,500.
Also, on February 8, 2021, Moloney Securities Co. Inc. disaffiliated with Cole. Evidently, Moloney Securities Co. Inc. alleged that Cole was the subject of a regulatory enforcement action resulting in sanctions.
Particularly, a client of UBS PaineWebber Inc. contested Glennon Cole’s sales practices, according to a complaint. Allegedly, Cole engaged in unauthorized trading and inappropriately used margin. Supposedly, Cole caused the client to sustain damages on over-the-counter equities. Therefore, UBS PaineWebber Inc. opted to settle the matter on October 25, 2002, by compensating the client.
Cole worked for Moloney Securities Co. Inc. as a securities broker from September 2012 to February 2021.
Did you suffer damages because of broker Glennon Cole? If so, reach out to Soreide Law Group at (888) 760-6552 and talk with an experienced securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Cole and brokerage firms Cole worked for deny all accusations of sales-related misconduct.
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