Peter Glowacki Facing FINRA Suspension for Unauthorized Trading

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Peter Joseph Glowacki (also known as Pete Glowacki) [CRD: 1156214, Laguna Niguel, California]. Glowacki previously worked for TCFG Wealth Management, LLC from April 2023 to April 2024, and for RBC Capital Markets, LLC from March 1998 to March 2023. Recent disclosures reveal concerns about Glowacki’s conduct, including allegations of unauthorized trading and violations of communication policies.

FINRA Regulatory Action: FINRA Files Case for Unauthorized Trading and Policy Violations

On November 21, 2024, FINRA initiated a regulatory action against Peter Glowacki. Without admitting or denying FINRA’s findings, Glowacki consented to sanctions and the entry of findings that he exercised discretionary authority by placing 105 trades in accounts belonging to nine clients without first obtaining prior written authorization and having the accounts accepted as discretionary by his member firms. The findings also stated that Glowacki used unapproved communication channels, including text messages on his personal cell phone, to conduct securities-related business, confirm executed trades, discuss investment recommendations, accept orders, and transfer funds.

FINRA’s investigation also found that Peter Glowacki’s actions caused his firm to maintain incomplete books and records, violating industry regulations. As part of the resolution, Glowacki agreed to a $10,000 fine and a two-month suspension from all capacities. The suspension will be effective from December 2, 2024, to February 1, 2025.

RBC Capital Markets Client: Employer Discharges Broker for Alleged Policy Breaches

On February 21, 2023, RBC Capital Markets, LLC discharged Peter Glowacki, citing violations of the firm’s trading policies. According to the firm, Glowacki engaged in misconduct related to handling advisory accounts and conducting business while on vacation in Florida. Additionally, Glowacki failed to meet the sunset provisions for transactions involving time and price discretion.

Looking for More Information About Peter Glowacki?

If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Soreide Law Group takes cases on contingency, advances all necessary costs, and helps investors nationwide recover losses from sales practice misconduct, though outcomes may vary. Glowacki and the firms he worked for deny accusations of sales practice violations.