Maryland Advisor Illegally Solicited $13 Million from Investors

Posted on September 8th, 2015 at 12:33 PM
Maryland Advisor Illegally Solicited $13 Million from Investors

From the Desk of Jim Eccleston at Eccleston Law LLC:

A former Maryland investment advisor, James R. Glover, has been barred by the SEC for illegally raising more than $13 million from investors in a real estate scam.

Glover was a registered rep from 1998 to 2012 at Signator Investors Inc., a registered broker-dealer and investment advisor.

While employed at Signator, Glover illegally raised $13.5 million from 125 people to invest in Colonial Tidewater Realty Income Partners LLC. As the managing member of Colonial Tidewater, Glover told investors that Colonial Tidewater was a Signator sanctioned investment. In fact, it was not. Further, Glover failed to disclose to investors that he personally was involved with Colonial Tidewater.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, SEC

Return to Archive



I am so glad I found you! Wow! I appreciate your help, concern and guidance.



March 24, 2023
Heartland Bank & Trust Co. Agrees to $9 Million Settlement For Allegedly Aiding and Abetting a Ponzi Scheme

The Securities and Exchange Commission (SEC) has agreed to a $9 million settlement
with Heartland Bank & Trust Co. over the bank’s alleged role in aiding and abetting a $75
million Ponzi scheme.

March 23, 2023
Morgan Stanley Obtains TRO Against Pennsylvania LPL Advisor Over Inherited Accounts and Misrepresentations

A federal judge has awarded Morgan Stanley a temporary restraining order (TRO)
against a Pennsylvania-based advisor who recently departed for LPL Financial.

March 22, 2023
Sanford Bernstein & Co. and Alliance Bernstein Face FINRA Arbitration Claim Over Options Advantage Strategy

Sanford Bernstein & Co. and Alliance Bernstein (Bernstein) are facing what could be the first of several Financial Industry Regulatory Authority (FINRA) arbitration claims related to its Options Advantage Strategy.