Nancy Glassman Allegedly Made Unsuitable Trades

Securities Broker Nancy Glassman Might Have Made Bad Trades

Soreide Law Group is reviewing potential investor claims alleging bad securities business by Nancy Dawn Glassman (CRD#: 1734992, New York, NY). Namely, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that there are 4 investor disputes regarding the securities broker. Evidently, she worked for UBS Financial Services from 2004 to 2017 and then joined Morgan Stanley in June 2017 as a securities broker and June 2019 as a financial advisor. These disputes suggest that Glassman made unsuitable trades and could have caused investors’ losses.

Morgan Stanley Client Indicates That Nancy Glassman Made Unsuitable Transactions

Evidently, on September 27, 2019, a Morgan Stanley Smith Barney client brought FINRA Arbitration #: 19-02691. Namely, the client suggested that Nancy Glassman made managed account investments that were not suitable. Suitability concerns things like your investment objectives, risk tolerance, liquidity needs, and investment experience. It appears that Glassman’s problematic trades in a wrap account or money manager account from February 2018 to May 2019 caused losses. For this reason, the client asked for $50,000 in compensation in this ongoing matter.

Client Of Morgan Stanley Indicates That Glassman Made Unreasonable Trades In Managed Account

Evidently, a second Morgan Stanley Smith Barney client took aim at Nancy Glassman in a May 21, 2019 complaint. Apparently, like the other client, this client suggested that it was unsuitable for Glassman to invest the client in certain managed account securities from February 2018 to May 2019. This covers the same time frame as the other client, so it is possible that both clients were stuck in the same unprofitable investments. Apparently, Morgan Stanley Smith Barney denied this claim on July 23, 2019.

UBS Financial Services Client Indicates That Nancy Glassman Gave Bad Advice, Misrepresented Investments

Additionally, there is an investment dispute which UBS Financial Services reported on Nancy Glassman’s record. It seems that when Glassman was a UBS securities broker, she gave a client an unsuitable investment recommendation. Supposedly, the client purchased a structured product which Glassman advised, and this caused her to experience losses. Not only that, but Glassman purportedly falsified information or somehow misled the client. Misrepresentations of this sort may have caused the client to blindly invest and ultimately lose money. Because of this, UBS made a $50,000 payment to the client to settle the dispute.

Did Glassman Sell You Bad Investments?

Have you lost money by investing through securities broker Nancy Glassman? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of firms and individuals like Glassman.