Tamara Glenn Embroiled in Investor Disputes
Tamara Glenn (CRD# 4324857), formerly a broker registered with LPL Financial, is involved in investor disputes alleging unsuitable recommendations. MDF Law is investigating the former East Lansing, Michigan financial professional for similar conduct. If you have concerns about your accounts, contact us for a free consultation.
Continue reading to learn more about the allegations against Ms. Glenn. The following post is based on a February 14, 2024 review of her BrokerCheck profile, a Financial Industry Regulatory Authority (FINRA) record.
Pending Disputes Allege Unsuitable Recommendations
In 2023 and 2024, two parties of investors filed disputes involving Ms. Glenn. Both detail allegations that she recommended unsuitable investments, including an investment in HTI. The disputes, which remain pending, seek $85,000 in cumulative damages.
Firm Settled Past Dispute
Four other parties of investors filed disputes involving Ms. Glenn between 2018 and 2022, one of which was settled by her former member firm. The dispute alleged that she recommended unsuitable real estate investment trust products. Her former firm settled the allegations for a total of $5,000.
Brokers Must Recommend Suitable Investments
Under FINRA Rule 2111, brokers like Ms. Glenn must must ensure their investment recommendations are suitable for a customer’s profile: a set of information that includes investment objectives, background, net worth, income, and risk tolerance. Brokers are prohibited, for instance, from recommending products that exceed a customer’s risk levels. Non-traded REITs, for instance, may be unsuitable for customers with a short-term investment horizon and liquidity needs.
FINRA: Tamara Glenn Last Based in East Lansing, Michigan
Tamara Glenn launched her career as a broker in 2001. That year, she registered with AXA Advisors in New York City. She remained at the firm until 2003, when she departed for LaSalle Financial Services in Charlotte, Michigan. Over the years, she has worked at firms like LPL Financial, Essex National Securities, and Fifth Third Securities. She joined her most recent member firm, LPL Financial, in 2023, working at its East Lansing, Michigan office until January 2024. With 22 years of experience as a broker, she has completed three industry exams, including the Series 66 and the Series 7. She is not currently registered as a broker.
Complaints? Call MDF Law for Free
Investors who suffered losses working with Tamara Glenn may have recovery options. The investment fraud attorneys at MDF Law boast decades of experience navigating FINRA arbitration cases, collecting tens of millions in recoveries. We accept cases on a contingency basis and we currently offer consultations nationwide. To discuss your options with an attorney, call 800-767-8040 today.