Former Cantella & Co. advisor Robert Gleason Suspended

OWENSBORO, KENTUCKY     Are you a former customer of stockbroker Robert Gleason Jr., formerly with Cantella & Co. in Owensboro, Kentucky?  Gleason, who was affiliated with Cantella & Co. from November 2016 to December 201, was under investigation by the Financial Industry Regulatory Authority (FINRA) for potentially violating FINRA’s Regulation Best Interest rule.

According to the complaint, he violated Regulation Best Interest by excessively trading or churning a customer’s account.  The customer had a turnover ratio of 12.93 with a cost-equity ratio of 28%.  This means that the customer would have needed to earn a profit of 28% just to break even from the costs of trading.

Robert Gleason was fired by Cantella & Co. in December 2021.  He was also the subject of two customer complaints, one of which was made in March 2022.

Our investment fraud law firm represents clients all over the country, including investors in Kentucky.  We have represented over one thousand investors against numerous firms.

If you lost money with Robert Gleason or Cantella & Co., please Contact Us at 206-795-5798 for a free evaluation of your case.

View BrokerCheck report HERE

 View FINRA AWC HERE