The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Glen Delaney. According to his publicly available FINRA BrokerCheck report, Glen Delaney has been the subject of multiple customer disputes.
Glen Delaney was a New York-based securities broker. He worked in the securities industry for twelve years. During his career, he was registered with eight different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Gunnallen Financial (2005)
- Pointe Capital (2005-2009)
- Global Arena Capital Corp. (2009-2010)
- Brookstone Securities (2010-2012)
- Rockwell Global Capital (2012-2015)
- Primary Capital (2015)
- Craig Scott Capital (2015)
- Newbridge Securities Corporation (2015-2018)
The Allegations
- In July 2009, a customer alleged that Glen Delaney breached his fiduciary duty, violated the Wisconsin Securities Act, managed their account negligently, made material misrepresentations, and made unsuitable recommendations. This case was settled for $75,000 in damages.
- In March 2013, a customer alleged that Glen Delaney executed unauthorized trades.
- In July 2015, Glen Delaney was discharged from his position at Primary Capital. This followed allegations that he failed to fulfill the terms of his employment agreement as well as failing to repay a loan.
- In March 2017, a customer alleged that Glen Delaney recommended unsuitable investments, over-concentrated their account in unsuitable investments, and breached his fiduciary duty. This case was settled for $14,999 in damages.
Glen Delaney was eventually barred by FINRA from acting as a securities broker in any fashion.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Glen Delaney, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
