According to FINRA, the Department of Enforcement alleges that between May 24, 2012 and July 26, 2012 while employed as a registered representative at National Securities Corporation, Glenn McDowell (CRD# 2748337, New York, NY) executed at least 38 unauthorized transactions in a customer’s account.
For FINRA’s full findings, see FINRA case # 2013035902701.
According to FINRA Broker Check, McDowell was registered with Woodstock Financial Group in New York, NY from 05/2013 – 10/2015, Olson, Cross, & Alamo in Brooklyn, NY from 01/2013 – 05/2013 and National Securities Corporation in New York, NY from 05/2001 – 02/2013.
In addition, McDowell’s Broker Check lists three customer disputes dating back to 2012 for allegations of unauthorized trading and misrepresentation. He was discharged from National Securities Corporation in 2012 after one customer’s allegations of unauthorized trades and poor performance. McDowell denied the charges. He is currently not registered with any firm.
Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules and they can held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
If you suffered losses investing with Glenn McDowell, the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.