Former BB&T Securities, LLC broker Glenn Brandon Jr. (CRD# 1051682) barred by FINRA for selling away. Glenn Brandon Jr. was registered with BB&T Securities, LLC in Birmingham, Alabama from 2015 to 2021, when he was terminated regarding, “While conducting an internal review of client activity Mr. Brandon approached the firm to voluntarily resign.” Previously, Glenn Brandon Jr. was registered with Morgan Stanley in Birmingham, Alabama from 2009 to 2015, when he was terminated regarding, “Allegations made by firm relating to inappropriately high commission to equity ratios for specific set of clients.”
Selling away is when a U.S.-based broker sells an investment to a client without his brokerage firm’s permission, the broker is selling investments away from the firm, or simply “selling away.” A broker might partake in this inappropriate practice to earn a commission he or she would otherwise have to pass up.
Glenn Brandon Jr. Barred by FINRA
In October 2021, FINRA barred Glenn Brandon Jr. after he, “consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation into whether he engaged in outside business activities (OBAs) that were not disclosed to or approved by his member firm.”
Glenn Brandon Jr. has been the subject of seven customer complaints between 2000 and 2016, one of which was closed without action and two were denied, according to his CRD report. The most recent complaint was regarding:
February 2016. “Client’s attorney alleges unsuitability, inter alia, with respect to investments from March 2012 to January 2015.” The customer sought $864,000 in damages and the case was settled for $212,500.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, BB&T Securities, LLC may be liable for investment or other losses suffered by Glenn Brandon Jr.’s customers.
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