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

TESTIMONIALS

Previous
Next

I am so blessed to have you and your dynamic team defending me. Your ethics, forward thinking and strategies are amazing.  You guys are the best group of attorneys in the country that I could hire to handle this complicated case.

Cindy C.

LATEST NEWS AND ARTICLES

October 15, 2021
FINRA Bars Former LPL Advisor Who Allegedly Misappropriated Elderly Client’s Funds

The Financial Industry Regulatory Authority (FINRA) has barred a former LPL advisor who allegedly misappropriated a senior client’s funds and subsequently failed to cooperate in FINRA’s investigation.

October 14, 2021
NASAA Targets Unpaid Arbitration Awards With Proposed New Model Rules

The North American Securities Administrators Association (NASAA) has proposed new rules in an attempt to reduce the large number of arbitration awards that go unpaid to investors who prevail as claimants in arbitration proceedings.

October 13, 2021
SEC Freezes Assets and Halts Alleged Fraudulent Scheme By Ron Harrison

The Securities and Exchange Commission (SEC) has obtained an emergency court order freezing the assets of Ron Harrison, who allegedly operated an ongoing fraudulent scheme.