Glennon James Cole (also known as Glen James Cole) of Manchester Missouri a stockbroker formerly registered with Moloney Securities Co. Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $400,000.00 in damages based on accusations that they were placed into unsuitable real estate securities and direct investments by Cole while he was registered with Moloney Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00921 (April 14, 2021).
Cole has been identified in five additional customer initiated investment related disputes concerning allegations of his wrongful conduct when he was associated with securities broker dealers, including UBS PaineWebber Inc., First Brokerage America LLC, and Edward Jones. FINRA Public Disclosure shows that a customer filed an investment related complaint involving Cole’s activities where they sought $11,822.00 in damages supported by accusations of Cole buying over-the-counter equities trades for their account without permission during the time that he was associated with UBS.
Another customer initiated investment related complaint concerning Cole’s conduct was settled to resolve allegations of unauthorized trading by Cole. The complaint also alleges failure to follow instructions relating to margin use. Cole is the subject of a different customer initiated investment related written complaint in which the customer requested $6,800.00 in damages based on accusations of Cole’s failure to follow instructions concerning the sale of a stock from their investment portfolio.
An additional customer filed an investment related complaint regarding Cole’s activities where they sought $5,778.00 damages supported by allegations of them not being provided with important information relating to taxes and penalties on the sale of a fixed annuity during the period that Cole was employed by First Brokerage America.
Cole was discharged by Moloney Securities on February 8, 2021, founded upon accusations of him being subject to FINRA disqualification.