National investment loss lawyers KlaymanToskes is investigating broker Glenn Donnell (CRD #2239397) of Sigma Financial Corporation, Securities America, and Investacorp.
According to FINRA BrokerCheck, Glenn Donnell was suspended and fined for exercising discretion in customer accounts without written authorization and mismarking trades in marijuana securities while registered with Sigma Financial Corporation.
Investors that suffered losses with broker Glenn Donnell are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Glenn Donnell, a former financial advisor in Crystal River, Florida, has been suspended and fined by the Financial Industry Regulatory Authority (“FINRA”). In August 2024, FINRA sent out a Letter of Acceptance, Waiver, and Consent (No. 2021072340501), stating that Donnell consented to the sanctions and to the entry of findings that he exercised discretion without prior written authorization by executing transactions in customer accounts.
Between July 2019 and January 2023, Donnell allegedly made decisions for eleven customer accounts and carried out 280 transactions without getting written permission from the customers. During this time, he worked with Sigma Financial, Securities America, and Investacorp. Further, Donnell allegedly marked at least 1,100 trades in marijuana stocks as unsolicited when they were actually solicited. This reportedly caused incorrect records at his firms, against FINRA rules.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Glenn Donnell. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Glenn Donnell, or have concerns regarding your investment portfolio at Sigma Financial Corporation, Securities America, and/or Investacorp., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.