According to a Decision filed with the Financial Industry Regulatory Authority (FINRA), Glenn Robert King was accused of excessively trading customer accounts and exercising discretion in customer accounts without written consent or approval. He also allegedly made fraudulent misrepresentations or omissions when he sold unit investment trusts (UITs) to customers and allegedly engaged in unsuitable short-term trading of UITs and closed-end funds. All of these things are against securities laws. He allegedly sold 44 UITs to seven customers and excessively traded the accounts of four customers. During the time period, April 2008 to March 2011 and January 2013 to December 2014, King was registered with Royal Alliance Associates. Excessive trading, also known as churning, is a particularly egregious transgression and results in unnecessary fees for the client and generates large commissions for the broker. If you or someone you know lost money with Glenn King, please contact our law firm in Chicago, Illinois for a free consultation with one of our attorneys. The call to us is free with no obligation and we take cases on a contingency fee basis only.
According to FINRA public records, King was registered with Thomas James Associates, Dean Witter Reynolds, Citigroup, Royal Alliance Associates in Lakewood, New Jersey from January 2005 until June 2011, Saxony Securities, Garden State Securities and Buckman, Buckman & Reid. He has 20 customer disputes against him, four of which are currently pending. He is currently not registered within the industry.
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