Glenn Allen Donnell (CRD #2239397, Crystal River, Florida)

August 15, 2024 – An AWC was issued in which Donnell was assessed a deferred fine of $12,500 and suspended from association with any FINRA member in all capacities for four months. Without admitting or denying the findings, Donnell consented to the sanctions and to the entry of findings that he exercised discretion without prior written authorization by executing transactions in customer accounts. The findings stated that although the customers had given Donnell express or implied Disciplinary and Other FINRA Actions 21 October 2024 authority to exercise discretion in their accounts, none of the customers provided written authorization for him to exercise discretion. The findings also stated that Donnell caused two of his member firms to maintain inaccurate books and records by mismarking solicited trades as unsolicited. All of the trades were in marijuana securities, which trade over the counter. At one of the firms, Donnell untruthfully answered the firm’s direct inquiries about the solicited vs. unsolicited nature of the trades. While associated to another firm, Donnell marked the trades as unsolicited in order to avoid the firm’s trade system block on solicited over-the-counter trades. The suspension is in effect from August 19, 2024, through December 18, 2024. (FINRA Case #2021072340501)