Glen Derek Delaney of New York New York a stockbroker formerly registered with Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that the stockbroker failed to respond to FINRA’s request for information about his activities. FINRA Case No. 2017054192101 (Feb. 11, 2019).
FINRA Public Disclosure reveals that it sought information from Delaney in 2018. His failure to respond to requests resulted in the stockbroker’s suspension on December 3, 2018. FINRA advised Delaney in a Notice of Suspension that he had three months to request that the suspension be terminated. The stockbroker was automatically barred after he failed to comply by the February 10, 2019 deadline.
Delaney is referenced in three customer initiated investment related disputes containing allegations of his wrongdoing while associated with securities broker dealers including Newbridge Securities Corporation, Pointe Capital Inc. and Rockwell Global Capital LLC. FINRA Public Disclosure reveals that a customer initiated investment related arbitration claim involving Delaney’s conduct was settled for $75,000.00 in damages based upon allegations that Delaney’s stock recommendations were not suitable for the Pointe Capital customer. According to the claim, transactions ran afoul of Wisconsin Securities Act. The claim also alleges that misrepresentations were made to the customer about equities held in the customer’s portfolio and that the stockbroker’s negligence and breach of a fiduciary duty caused the customer to incur losses..
Another customer filed an investment related complaint concerning Delaney’s activities where the customer sought $14,500.00 in damages founded on accusations that stock and over-the-counter equities trades were executed without the customer’s knowledge or consent during the time that Delaney was employed by Rockwell Global Capital.
On September 14, 2017, a customer initiated investment related arbitration claim pertaining to Delaney’s conduct was settled for $14,999.00 in damages supported by allegations that a fiduciary duty owed to the customer had been breached by Delaney and that his stock trading was negligently supervised by Newbridge Securities Corporation. According to the claim, the trades Delaney placed were not appropriate for the customer given the customer’s objectives for investing. The claim also alleges that the customer’s account was overconcentrated by the stockbroker in bad investments. FINRA Arbitration No. 17-00960.
Public Disclosure reveals that since June 22, 2009, Delaney has been associated with three different securities broker dealers who are defunct or have been expelled by securities regulators for violation of federal securities laws. He was registered with Newbridge Securities Corporation between November 5, 2015 and March 26, 2018.
