SEC Charges Connecticut Advisory Firm GlennCap and Its Owner With Cherry-Picking
September 15, 2023
September 15, 2023
WASHINGTON, Sept. 15 -- The Securities and Exchange Commission issued the following news release on Sept. 14, 2023:
The Securities and Exchange Commission today announced settled fraud charges against GlennCap LLC, a Connecticut-based investment advisory firm, and its owner, Jonathan Vincent Glenn, for allocating profitable securities trades to favored accounts, including GlennCap's own accounts and client accounts that paid GlennCap a higher percentage of positive returns in fees, . . .
The Securities and Exchange Commission today announced settled fraud charges against GlennCap LLC, a Connecticut-based investment advisory firm, and its owner, Jonathan Vincent Glenn, for allocating profitable securities trades to favored accounts, including GlennCap's own accounts and client accounts that paid GlennCap a higher percentage of positive returns in fees, . . .