According to the Financial Industry Regulatory Authority (FINRA), former Alabama-based Raymond James broker Glenn Guthrie is currently not licensed to act as a broker or otherwise associate with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Guthrie (CRD# 1517090).
Glenn Guthrie has spent 28 years in the securities industry and was most recently registered with Raymond James Financial Services in Birmingham, Alabama (2008-2015). Previous registrations include Wachovia Securities in Birmingham (2003-2008); Prudential Securities in New York, New York (2001-2003); UBS Painewebber in Weehawken, New Jersey (2000-2001); JC Bradford & Company in New York (1994-2000); Smith Barney in New York (1991-1994); and JC Bradford in New York (1986-1991).
According to his BrokerCheck report, Glenn Guthrie is the subject of one customer complaint and one employment separation after allegations.
In 2015 a customer alleged Glenn Guthrie, while employed at Raymond James Financial Services, engaged in selling away. The customer seek damages of $1,490,000, plus interest, in the pending complaint.
In 2015 Glenn Guthrie was discharged from his position at Raymond James Financial Services following allegations he invested a customer’s funds in a private company, away from his member firm, and additionally advised that private company to act against the best interests of the client.
Selling away is forbidden by FINRA rule 3040, which states that “No person associated with a member shall participate in any manner in a private securities transaction” unless the transaction complies with numerous terms, including written authorization from the member firm. Brokers and investment advisers who violate this rule may be held subject to disciplinary action.
If you or someone you know has a complaint regarding Glenn Guthrie or Raymond James Financial Services, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: you will only pay us if and when you recover money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.