Advisor Alert: Our Attorneys Are Investigating Vince Glenn For Investment Fraud
Did You Lose Money Because of Vince Glenn?
Filed: November 2, 2023
Jonathan Vincent Glenn (also known as Vince Glenn) has been the subject of one (1) regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Vince Glenn.
Who Is Vince Glenn?
- Advisor Name: Vince Glenn
- Aliases: Jonathan Vincent Glenn, Vince Vincent Glenn
- CRD: 2272521
- Location: Greenwich, Connecticut
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Wells Fargo Clearing Services, LLC and Morgan Stanley
- Number of Known Regulatory Events: 1
- Can Vince Glenn Be Sued: Yes, in Private Arbitration
- Can Vince Glenn’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by Vince Glenn, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Vince Glenn For Broker Misconduct
As of this publication date, Vince Glenn has been the subject of 1 regulatory event. Let’s review it below.
In September 2023, United States Securities And Exchange Commission initiated a regulatory action against or in reference to Vince Glenn. The Commission finds that from at least January 2020 to March 2022, GlennCap, acting through Glenn, its sole owner and principal, engaged in undisclosed “cherry-picking,” a practice of fraudulently allocating profitable trades to favored accounts at the expense of other advisory clients. Glenn allocated a disproportionate number of trades with positive first-day returns to accounts belonging to certain favored clients, GlennCap (which Glenn owns), and another account that Glenn controlled, while allocating a disproportionate number of trades with negative first-day returns to other client accounts. Glenn accomplished this by executing block trades in GlennCap’s omnibus brokerage account and then waiting until later in the day, after he could see whether the positions had increased or decreased in value, to allocate the trades to either favored or disfavored accounts. Respondents also made false and misleading statements concerning their trading practices in GlennCap’s Forms ADV, Part 2A (“Brochures”), which were provided to clients and prospective clients. By virtue of this conduct, Respondents willfully violated Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Advisers Act.
How To File A Claim Against Vince Glenn (previously with Wells Fargo Clearing Services, LLC and Morgan Stanley) To Get Your Money Back.
If you have questions about Vince Glenn, Wells Fargo Clearing Services, LLC, Morgan Stanley, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.