Skip to main content

Fishman Attorneys Obtain $1.588 Million FINRA Award for Signator Investors

By March 4, 2014October 19th, 2017News

On March 4, 2014, a team of Fishman Haygood attorneys led by Lance C. McCardle obtained a $1.588 million FINRA arbitration award on behalf of two elderly investors and the estate of their deceased mother as compensation for damages resulting from the sale of private placement investments.  The Respondents, James Robert Glover and Signator Investors, Inc., were ordered to rescind the sales of the private placements, and to pay over $450,000 in attorney’s fees.

Respondent Glover was found to have improperly sold the Claimants three private placements, including investments in Texas Real Estate Properties, Colonial Funding, L.C., Colonial Tidewater Realty Income Partners, L.L.C.  Signator was found to be jointly and severally liable with Glover for the unlawful sales, as well as to be liable to the Claimants for attorney’s fees under California’s Elder Abuse statutes.

Pursuant to a FINRA investigation resolved on January 18, 2013, Glover was barred from associating with any securities firm in any capacity, as detailed in his Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA.  Since October 2008, Jim Glover has been subject to over seventy-five customer complaints, many of them complaining about improper sales of private placement investments.

The FINRA award was detailed in news articles in the Wall Street Journal, Investment News, and the Baltimore Sun.

Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.

GWG Holdings Files for Bankruptcy: How Might That Impact L Bond Investors?