The law firm of Oakes & Fosher is currently investigating the alleged misconduct of securities broker Jeffrey Glusman. According to his publicly available FINRA BrokerCheck report, Jeffrey Glusman was the subject of multiple customer disputes over the course of his career. He is no longer working as a registered securities broker in any fashion.

Jeffrey Glusman was a Florida-based securities broker who worked in the securities industry for sixteen years. During his career, he has been registered with two different securities firms.

His Registrations 

  • Merrill Lynch, Pierce, Fenner & Smith (2001-2005/2006-2017)
  • Suntrust Investment Services (2018-2019)

The Allegations 

  • In April 2018, customers alleged that Jeffrey Glusman recommended unsuitable investments and made material misrepresentations regarding investments. This case was settled for $240,000 in damages.
  • In June 2020, customers alleged that Glusman made material misrepresentations regarding investments. This case is currently pending, and the customers are seeking $2,800,000 in damages.

What Does This Mean?

Misrepresentation is a very serious charge, as it can often result in very serious financial harm to an investor. Essentially, misrepresentation occurs when a securities broker provides an investor with information that has been falsified or obscured in some manner. This can be either on purpose, in an attempt to defraud the investor, or by accident through the broker’s negligence.  Regardless of the broker’s intent, misrepresentation can cause significant losses in an investor’s account as it can lead to them making crucial financial decisions based on misinformation.

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 due to this fraud or negligence 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 Jeffrey Glusman, 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.