The Investor’s Watchdog

The Investor's Watchdog

Bill Glaser Sentenced to Three Years in Prison for Wire Fraud

Monday, June 17, 2019

In September 5, 2017, the Financial Industry Regulatory Authority (FINRA) Department of Enforcement accepted a Letter of Acceptance, Waiver and Consent (AWC) submitted by William Glaser (a/k/a Bill Glaser) barring him from associating with any member firms. Now, the U.S. District Court sentenced him to three years in prison for wire fraud.

Glaser was formerly associated with National Planning Corporation in St. Albans, Missouri from December 2007 until July 2017 when the firm terminated his position. According to Glaser’s FINRA BrokerCheck report, National Planning Corporation discharged Glaser after receiving an arbitration claim containing allegations that Glaser solicited a private investment away from the firm.

The courts found that Glaser solicited over $1 million in investments to the owner of a construction company which was recently liquidated by creditors. Glaser had falsely told clients that he invested into the company himself and failed to disclose the large commissions he was receiving out of his clients’ funds. The Courts order him to repay $1.5 million to three clients and National Planning Corp., the brokerage firm where he was registered during the time of the misconduct and who had already paid some arbitration to one of the victims.

Oftentimes brokerage firms can be held liable for the brokers’ misconduct if they failed to supervise them while registered at the firm.  If you lost money due to William (Bill) Glaser’s alleged misconduct, you may be able to recover from him or National Planning Corporation, the brokerage firm where he was registered. Since 1998, the experienced attorneys at Chapman LLC have been fighting for victims of investment fraud and broker misconduct. Call us today at 1-877-410-8172 for a free consultation.


Author: Jason T. Albin

Jason Albin is an Attorney and Partner at ChapmanAlbin, the investor rights law firm. He has represented hundreds of investors who have lost money due to broker misconduct, unsuitable investment advice and fraud.​ Jason also represents individuals in “whistleblower” suits filed against unscrupulous companies that try to defraud the US federal and state governments.

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