Glenn Colangelo Facing Allegedly Engaged in Unjust Enrichment 

Glenn Colangelo (CRD #: 135288), a broker registered with the American Independent Securities Group, is the subject of a civil action in Oregon, according to his BrokerCheck record, accessed on September 30, 2022. Keep reading for more information on his conduct as a broker. 

On April 21, 2022, a circuit court of the State of Oregon for Lane County alleged that Glenn Colangelo engaged in negligent misrepresentation and unjust enrichment related to the management of MS Financial. Unjust enrichment may also be a form of misappropriation or conversion. 

According to allegations filed on February 24, 2017, the investor alleged that Glenn Colangelo did not act in their best interest with regard to the sale of the Ohio National Variable Annuity. This dispute was settled for $300,921. 

FINRA Rule 2010

FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade. Violations of many FINRA regulations qualify as violations of FINRA Rule 2010.

Background Information 

Glenn Colangelo has passed the following exams:

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in seven states and an investment adviser in Oregon. 

Glenn Colangelo has worked for the following firms: 

• ON Investment Management (CRD #: 105662) 
• The O.N. Equity Sales Company (CRD #: 2936) 
• U.S. Bancorp Investments (CRD #: 17868) 
• NYLife Securities (CRD #: 5167) 

Kurta Law Can Help

If you have worked with Glenn Colangelo and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors 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.