Securities Arbitration Lawyer Blog
FINRA has barred former BB&T Securities, LLC broker Glenn Brandon, Jr. from the securities industry. Brandon consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation into whether he engaged in outside business activities (OBAs) that were not disclosed to or approved by his firm.
If you have lost money with Glenn Brandon, Jr., or BB&T Securities, LLC, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.
Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms.
FINRA Letter of Acceptance, Waiver, and Consent No. 2021070227901
Glenn Brandon, Jr. and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on October 15, 2021, after FINRA alleged that Brandon refused to provide documents and information in connection with its investigation into whether Brandon engaged in outside business activities that were not disclosed to or approved by his firm, in violation of FINRA Rules 8210 and 2010.
FINRA indicated that the matter originated from FINRA’s cause examination investigation into the Form U5 filing terminating Brandon’s association with BB&T.
FINRA Rule 8210 authorizes FINRA, in the course of its investigations, to require persons over whom FINRA possesses jurisdiction to “provide information orally, in writing, or electronically… with respect to any matter involved in the investigation.” Further, the rule provides that no member or person “shall fail to provide information or testimony or to permit an inspection and copying of books, records, or accounts pursuant to this rule.” FINRA Rule 2010 provides that “[a] member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.” It is well-established that a person who is subject to the requirement to provide information pursuant to FINRA Rule 8210, and upon whom a Rule 8210 request is properly served, violates both FINRA Rule 8210 and FINRA Rule 2010 if he does not provide the information requested.
Following Brandon’s termination of his association with BB&T, FINRA began an investigation into whether Brandon engaged in outside business activities that were not disclosed to or approved by BB&T. In connection with that investigation, FINRA sent a request to Brandon for the production of information or documents pursuant to FINRA Rule 8210. Through counsel, Brandon communicated to FINRA that he would not produce the information or documents requested.
By refusing to produce the information or documents as requested pursuant to FINRA Rule 8210, Brandon violated FINRA Rules 8210 and 2010.
Glenn Brandon, Jr. (CRD#: 1051682)
Brandon has 38 years of experience in the securities industry.
Brandon entered the securities industry in 1982 when he associated with a FINRA member as a general securities representative. In 2015, Brandon associated with BB&T Securities, LLC (BB&T) and registered as both a General Securities Representative and General Securities Sales Supervisor. In early 2021, Mr. Brandon voluntarily resigned from BB&T Securities, LLC.
Brandon’s public FINRA CRD shows a total of seven customer complaints: three of the complaints were settled, two were denied, one resulted in an award, and the most recent customer complaint, dated December 20, 2016, was closed without action.
Brandon’s CRD also shows two employment-related disclosures. The first employment-related disclosure, dated January 13, 2021, indicates that he was permitted to resign from BB&T Securities, LLC over allegations that, while conducting an internal review of client activity, Mr. Brandon approached the firm to voluntarily resign. The second employment-related disclosure, dated September 25, 2015, indicates that he voluntarily resigned from Morgan Stanley over allegations made by the firm relating to inappropriately high commission to equity ratios for a specific set of clients. Brandon denied all allegations in the broker comments section of the disclosure.
How to Recover Losses or Obtain a Free Consultation
If you have lost money with Glenn Brandon, Jr., or BB&T Securities, LLC, contact FINRA arbitration lawyers August Iorio and Jorge Altamirano of Iorio Altamirano LLP at august@ia-law.com, jorge@ia-law.com or toll-free at (855) 430-4010 for a free and confidential evaluation of your account.
Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. We pursue FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by financial advisors and brokerage firms.
Revisions and Clarifications – November 29, 2021: A previous version of this blog post said that BB&T filed a Form U5 terminating Mr. Brandon’s association with the firm and registration with FINRA on February 2, 2021. Although accurate, the blog post has been updated to clarify that Mr. Brandon was “permitted to resign.” BB&T did not terminate Mr. Brandon.