Glenn Guilbault Jr. (CRD# 4309287) is a financial advisor currently associated with Cetera Advisors, operating under the business name Nola Wealth Management, based in Metairie, Louisiana. Recently, a complaint was lodged against him by an investor, alleging that his conduct resulted in financial losses.
The BrokerCheck report for Mr. Guilbault reveals a single complaint from an investor. This complaint, lodged in March 2023, accuses him of advising inappropriate real estate investments while serving as a representative for Cetera Advisors. The ongoing complaint seeks damages, the specifics of which are not detailed but are reported to be no less than $5,000.
It is important to note that a complaint is an allegation made by an investor and is not proof of any wrongdoing on the part of the advisor. Such complaints typically undergo investigation and are subject to a dispute resolution process.
When considering a financial advisor or broker, potential clients are encouraged to review their records and any complaints or disciplinary actions filed against them. Websites like BrokerCheck by FINRA can provide information about a broker’s employment history, regulatory actions, investment-related licensing information, as well as any arbitration or complaints.
If an investor feels that they have been a victim of investment fraud or broker negligence, they have the right to seek legal counsel. This can include cases of breach of fiduciary duty, fraud, misleading clients, or charging excessive fees. As such, any investor who has suffered losses due to the alleged actions of Guilbault may consider pursuing a legal course of action to potentially recover their losses.
This information is based on the available search results, and it is recommended to conduct further investigation or seek professional advice for the most accurate and current information.
Suppose you have suffered financial losses due to the actions of a broker or investment advisor. In that case, you may be able to recover your losses through a process known as FINRA arbitration. The Financial Industry Regulatory Authority (FINRA) operates the largest securities dispute resolution forum in the United States. It provides a venue for investors to resolve disputes with their brokers or advisors.
Here are the steps to recover losses through FINRA arbitration:
- File a Statement of Claim: The process begins with the filing of a Statement of Claim, which outlines the details of the dispute, including the parties involved, the relevant facts, and the specific relief requested (i.e., how much money you are seeking to recover). This document should be as detailed as possible, as it forms the basis for your claim.
- Selection of Arbitrators: After the claim is filed and the necessary fees are paid, FINRA will provide a list of potential arbitrators. Both parties in the dispute have the opportunity to participate in selecting the arbitrator(s) who will decide the case.
- Pre-Hearing Process: Prior to the hearing, both sides can request information from the other party, submit legal arguments, and prepare their case for the hearing. This is known as the discovery process.
- Hearing: The hearing is similar to a trial in court, but it is less formal. Each side presents its case, including evidence and witnesses. After both sides have presented their cases, the arbitrators will close the hearing.
- Decision: After the hearing, the arbitrators will deliberate and make a decision. This decision is known as the arbitration award. If the decision is in favor of the investor, the broker or advisor is typically required to pay the award within 30 days.
- Appeal: Unlike court proceedings, arbitration decisions are final and binding, with very limited grounds for appeal. The decision can only be appealed in a court of law on specific grounds, such as fraud or evident partiality on the part of the arbitrators.
It’s important to note that arbitration can be a complex process, and consulting with an attorney or other professional experienced in securities arbitration may be beneficial. If you believe you have a claim, you should act promptly, as there are time limits for filing a claim with FINRA.
Remember, successful recovery is never guaranteed and depends on the specifics of your case. Each case is unique and requires careful consideration of the facts and circumstances involved.
Need Help?
Specializing in defending the rights of investors across the country, Haselkorn, and Thibaut, also known as InvestmentFraudLawyers.com, have established offices in Florida, New York, North Carolina, Arizona, and Texas. Our team’s extensive experience, spanning over 50 years, boasts a success rate of 98%. Reach out to us for a free consultation at 1-800-856-3352 or contact us via email at [email protected]. Remember, you owe us nothing if we don’t recover your losses.
