Update For Investors: Daniel Glick and Transamerica Financial Advisors; Orland Park, Illinois

AdobeStock_91053286-1-300x194Last week, the Securities and Exchange Commission (SEC) announced an emergency asset freeze and temporary restraining order against Daniel H. Glick and Financial Management Strategies (FMS). The firm was unregistered and is being accused of scamming elderly investors out of millions of dollars. Mr. Glick allegedly took client money and used it on himself, purchasing a Mercedes-Benz, and paying off loans and debts. Mr. Glick told the elderly investors he would handle their taxes, invest their money and pay their bills. Glick was named in the complaint, as were Glick Accounting Services, David B. Slagter, his business partner and Edward H. Forte, his business acquaintance. The temporary restraining order was issued against Glick and FMS and the assets of Glick, FMS and Glick Accounting Services were frozen.

Mr. Glick was previously registered with Terra Securities Corp in Schaumburg, Illinois from September 1991 until May 1992, Long Grove Trading Co., WMA Securities, World Group Securities, World Equity Group in Orland Park, Illinois from May 2002 until July 2007, World Group Securities in Wheaton, Illinois from October 2007 until January 2012 and Transamerica Financial Advisors in Orland Park, Illinois from January 2012 until March 2014. He was terminated from Transamerica. He has been barred from the industry.

Please call our securities law firm today if you suffered losses with Daniel H. Glick. We are attorneys based in Chicago and Barrington, Illinois and we take cases on a contingency fee basis. Transamerica may be liable for losses, because brokerage firms have an ironclad obligation to reasonably supervise their employees. The call is free with no obligation. There is a statute of limitations on most cases, so please do not delay in calling. We try cases in the Financial Industry Regulatory Authority (FINRA) arbitration forum.

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