The Securities and Exchange Commission (SEC) has barred James R. Glover, a former Maryland investment advisor, for allegedly raising more than $13 million in a real estate investment scam. Glover raised $13.5 million from 125 investors who he solicited to invest in Colonial Tidewater Realty Income Partners LLC. Glover was a managing member of Colonial Tidewater, and he told the investors that it was a Signator sanctioned investment, when, in fact, it was not. Glover also failed to mention that he was personally involved with Colonial Tidewater. This is commonly referred to as “selling away” and is when a broker solicits an investment that is not offered by his investment firm. It is against securities rules and regulations. Signator Investors can be sued for failing to properly supervise Mr. Glover. They had a duty to do so while he was employed there, and because they did not, can be held liable for investment losses. Please call Stoltmann Law Offices at 312-332-4200 to speak with an attorney. The call is free with no obligation. We are securities attorneys who take cases on a contingency fee basis, so we don’t receive compensation unless you do.
James R. Glover was registered with G.R. Phelps & Co. from September 1984 until March 1996, MML Investors Services in Springfield, Massachusetts from March 1996 until December 1997, New England Securities in New York, New York from November 1991 until May 1998 and Signator Investors in Towson, Maryland from May 1998 until May 2012. He has 79 customer disputes against him, two of which are currently pending. He is not currently licensed within the industry and the Financial Industry Regulatory Authority (FINRA) permanently barred him from acting as a broker or investment advisor.
Disclaimer
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.
