Jacob Glick of Scottsdale Arizona a stockbroker formerly employed by J.P. Morgan Securities LLC and investment adviser representative of Advanced Practice Advisors has been discharged by the advisory on June 12, 2017 based upon allegations that Glick engaged in reckless behavior when determining the suitability of investments for customers of the advisory (2) Glick placed trades ahead of the customers (3) Glick neglected to comply with the procedures and policies implemented by the firm and (4) Glick neglected to take steps to mitigate or correct the unwarranted risks customers had been exposed to because of Glick.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Glick has been identified in two customer initiated investment related disputes pertaining to accusations of his misconduct during the period that he was associated with J.P. Morgan securities LLC and Charles Schwab Co. Inc. Specifically, a customer initiated investment related complaint regarding Glick’s conduct was settled for $20,000.00 in damages supported by allegations that while Glick was employed by Charles Schwab Co. Inc., bad investment recommendations were made to the customer in regard to the mutual funds purchased for the customer’s account.
Then, on February 8, 2016, a customer filed an investment related complaint involving Glick’s activities where the customer sought $30,000.00 in damages founded on accusations that when Glick was registered with J.P. Morgan Securities LLC, unfounded and erroneous statements had been made to the customer about the customer’s mutual fund purchases.
