J. Brian Glaze Allegedly Recommended Unsuitable Structured Products

 J. Brian Glaze (CRD #: 5373140), a broker registered with Avantax Investment Services, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on May 16, 2023. Investors may have also engaged his services through Avantax Advisory Services. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On April 5, 2023, an investor alleged that J. Brian Glaze recommended structured products that were unsuitable given the client’s risk tolerance. He allegedly made these recommendations from August 2021 to May 2022. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. An investor’s profile contains information about their risk tolerance, age, and financial goals.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

What are Structured Products?

Structured products are complex investments that combine a bond and a derivative. Investors’ returns depend on the performance of the derivative component—examples of which include forwards, options, and swaps.

The complexity of structured products makes them difficult for investors to evaluate.

Background Information

J. Brian Glaze 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

J. Brian Glaze is a registered broker in 12 states and a registered investment adviser in North Carolina.

He has also worked for the following firms:

• LPL Financial (CRD#:6413)
• IFG Advisory (CRD#:168012)
• SunTrust Investment Services (CRD#:17499)

Kurta Law Can Help

If you worked with J. Brian Glaze 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.