Erez Law is currently investigating former Moloney Securities Co., Inc. broker Glennon Cole (CRD# 1999588) regarding allegations of unsuitable investment recommendations. Glennon Cole was registered with Moloney Securities Co., Inc. in Manchester, Missouri from 2012 to 2021, when he was terminated regarding, “FINRA disqualification as defined in section 3(a)(39) of the Securities Exchange Act of 1934.”
Glennon Cole Faces Investment Loss Complaint
He has been the subject of 11 customer complaints between 2000 and 2023, according to his CRD report. The most recent complaint is regarding:
July 2023. “Suitability/negligence. 2018-2020.” The customer is seeking $150,000 in damages. The complaint was regarding direct investments, and the complaint took place while he was registered with Moloney Securities Co., Inc.
October 2022. “Suitability/negligence.” The customer sought $33,000 in damages, and the case was settled for $15,000. The complaint was regarding corporate debt, and the complaint took place while he was registered with Moloney Securities Co., Inc.
September 2022. “Suitability/negligence, 2019-2020.” The customer sought $50,000 in damages, and the case was settled for $25,000. The complaint was regarding corporate debt, and the complaint took place while he was registered with Moloney Securities Co., Inc.
June 2022. “Suitability/negligence. 2012-2019.” The case was settled for $55,000. The complaint was regarding corporate debt, and the complaint took place while he was registered with Moloney Securities Co., Inc.
May 2022. “Client alleges unsuitable recommendations were made. Sept 2012 to Feb 2021.” The customer is seeking $700,000 in damages. The complaint was regarding direct investments, and the complaint took place while he was registered with Moloney Securities Co., Inc.
April 2021. “Suitability.” The customer sought $400,000 in damages and the case was settled for $122,500. The complaint was regarding direct investments and real estate securities.
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, Moloney Securities Co., Inc. may be liable for investment or other losses suffered by Glennon Cole’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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