Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Glenn Bridwell, Jr. (CRD # 1783191) was recently suspended from the securities industry by FINRA’s Department of Enforcement after an investigation into unauthorized discretion.
The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints regarding Mr. Bridwell, Jr.
Registration Background for Glenn Bridwell, Jr.
Mr. Bridwell, Jr. first became registered in the securities industry in 1988. He is currently registered with Wichita, KS based FBL Marketing, LLC (CRD # 5309).
FINRA’s Allegations Against Glenn Bridwell, Jr.
According to the FINRA Letter of Acceptance, Waiver and Consent (AWC) dated September 4, 2024 (No. 2022074599001), Mr. Bridwell, Jr. consented to, without either admitting to or denying, the following findings by FINRA’s Department of Enforcement:
- “Between November 9, 2020, and November 12, 2020, [Mr.] Bridwell, Jr. exercised discretionary power in connection with 494 transactions in 46 customers’ accounts”;
- “Although the customers had given [Mr.] Bridwell, Jr. implied authority to exercise discretion in their accounts, none of the customers had provided prior written authorization for [Mr.] Bridwell, Jr. to exercise discretion in their accounts and FBL had not accepted the accounts as discretionary”; and
- By virtue of his actions, Mr. Bridwell, Jr. violated FINRA Rule 3260(b) regarding discretionary accounts, and FINRA Rule 2010 regarding standards of commercial honor and principles of trade.
FINRA Suspends Glenn Bridwell, Jr. from Securities Industry
As a result of such violations and in addition to the above-described findings and conclusions, FINRA’s September 4, 2024 AWC also indicates that Mr. Bridwell, Jr. consented to the following sanction(s):
- a 10 business-day suspension from association with any FINRA member in all capacities; and
- a fine in the amount of $5,000.00.
Glenn Bridwell, Jr. Has A Prior History of Securities Industry Customer Complaints
In addition to Mr. Bridwell, Jr. being suspended by FINRA from the securities industry regarding various sales practice violations, FINRA BrokerCheck for Mr. Bridwell, Jr. reveals that he has a prior history of customer complaints and/or customer-initiated arbitrations, including but not necessarily limited to the following:
- On May 30, 2022, a customer a written complaint against Mr. Bridwell, Jr. regarding alleged actions that occurred while he was associated with FBL Marketing Services, LLC. The customer’s allegation(s) included trades in an account without permission. The customer did not specify a dollar amount regarding damages, but the firm made a good faith determination of the alleged damages exceeding $5,000.00. On October 25, 2022, the complaint was settled in the amount of $41,000.00.
Have You Lost Money with Glenn Bridwell, Jr.?
If you or someone you know has or had a brokerage account with Mr. Glenn Bridwell, Jr. and have concerns regarding losses in your investments or possible sales practice violations including fraud, you may be entitled to recover lost funds. The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited so you should call today to avoid delay.
