Investor Alleges Andrew Glaser Made Unsuitable Recommendation

Andrew Glaser (CRD #: 6151186), a broker registered with J.P. Morgan Securities, was involved in a recent dispute, according to his BrokerCheck record, accessed on September 5, 2022. If you want to learn more about Andrew Glaser’s conduct as a broker, keep reading.

Investor Dispute

On June 12, 2022, an investor alleged that Andrew Glaser made an unsuitable recommendation concerning a managed account investment between November 8, 2021, and the date of filing. The client sought $312,243 but was denied by the firm.

However, investors should be aware that firms can deny disputes without an outside review. Investors may be able to recoup their losses after a denial by seeking out FINRA arbitration.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment suits their investor’s financial goals. Brokers must consult an investor’s profile, which contains the following characteristics:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investment will be held)
• Investing experience
• Tax status

Investors who lose money through unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Andrew Glaser has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Andrew Glaser is a registered broker in 47 states and the District of Columbia. He is also a registered investment adviser in California, New Jersey, and Texas.

Kurta Law Can Help

If you worked with Andrew Glaser and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.