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.
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