Daniel Howard Glick (Daniel Glick) Charged with Theft and Fired by Transamerica Financial Advisors, Inc – Goodman & Nekvasil P.A. Files Arbitration Claim

Goodman & Nekvasil P.A. Files Arbitration Claim - Daniel Howard Glick (Daniel Glick) Charged with Theft and Fired by Transamerica Financial Advisors, Inc. 

Goodman & Nekvasil, P.A. has filed an arbitration claim against Transamerica Financial Advisors, Inc. seeking to recover monies misappropriated by Transamerica Financial Advisors, Inc.'s agent, Daniel Glick. 

From 2012 until Daniel Glick’s firing in 2014, Daniel Glick was licensed with Transamerica Financial Advisors, Inc. Daniel Glick was also licensed with World Group Securities, Inc. According to FINRA, Daniel Glick was fired by Transamerica Financial Advisors, Inc. on March 20, 2014. Transamerica Financial Advisors, Inc. reported to FINRA that Daniel Glick was fired after his firm found that Daniel Glick failed to disclose to the firm Daniel Glick’s entrance into a settlement agreement with the Certified Financial Planner (“CFP”) Board, and that Daniel Glick was permanently barred from using the CFP designation.

FINRA brought a disciplinary action against Daniel Glick in 2014. Daniel Glick consented to a bar from the securities industry. Daniel Glick consented to the entry of findings that in the course of an investigation, FINRA requested documents and information from Daniel Glick concerning findings by the CFP Board of Standards that he forged clients’ signatures on letters to a bank in order to gain access to, and misappropriate, their assets. The findings stated that Daniel Glick informed FINRA that he will not provide the requested documents and information.

In March 2017, the SEC announced an emergency asset freeze and temporary restating order against Daniel Glick and his investment advisory firm, Financial Management Strategies (FMS), accused of scamming elderly investors out of millions of dollars. The SEC alleged that Glick used client funds to pay personal and business expenses, purchase a Mercedes- Benz, and pay off loans and debts among other misuses.

In November 2017, Daniel Glick was charged by the U.S. attorney’s office with misappropriating at least several million dollars of funds from clients and financial institutions.

If you lost any money on investments with Daniel Glick, or if Daniel Glick misappropriated any monies from you, you may be able to recover your losses from Transamerica Financial Advisors, Inc. and/or World Group Securities, Inc. This is because Transamerica Financial Advisors, Inc. and World Group Securities, Inc. had a duty to supervise Daniel Glick.

If you lost money on investments with Daniel Glick, and believe that the investments may have been unsuitable or otherwise improper for you, or if Daniel Glick misappropriated any monies from you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Transamerica Financial Advisors, Inc. and/or World Group Securities, Inc., concerning Daniel Glick’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Daniel Glick or if Daniel Glick misappropriated any monies from you, and you would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.  

 

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