The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Glenn Dornsife. According to his publicly available FINRA BrokerCheck report, Glenn Dornsife has been the subject of multiple customer disputes.
Glenn Dornsife was a Texas-based securities broker. He worked in the securities industry for thirty-nine years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.
His Registrations
- Merrill Lynch (1977-1990)
- Lehman Brothers (1990-1993)
- Salomon Smith Barney (1993-2000)
- UBS Financial Services (2000-2003)
- Raymond James (2003-2017)
The Allegations
- In August 2000, a customer alleged that Glenn Dornsife purchased unsuitable mutual funds on her behalf. This case was settled for $14,900 in damages.
- In May 2001, a customer alleged that Glenn Dornsife recommended unsuitable mutual funds. This case was settled for $8,000 in damages.
- In June 2001, a customer alleged that Glenn Dornsife recommended unsuitable investments and executed unauthorized trades.
- In November 2017, a customer alleged that Glenn Dornsife over-concentrated their account, breached his fiduciary duty, managed their account negligently, committed fraud, breached contract, and more. This case was settled for $150,000 in damages.
What Does This Mean?
Securities brokers, like Glenn Dornsife, have a legal obligation to always act in the best interests of their customers. Part of this means conducting the necessary due diligence to handle their customer’s accounts to this best of their ability. When brokers let this responsibility go awry, their customers can suffer financially for it. Negligence turns out to be one of the most common things that securities brokers are accuse of.
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 Glenn Dornsife, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you
