Glen Mackenzie Dowden, Broker with Citizens Securities, Facing Customer Dispute Alleging Recommendation of an Unsuitable Investment

INVESTORS: Citizens Securities broker Glen Mackenzie Dowden was named in a customer dispute alleging he made an unsuitable investment recommendation.

Glen Mackenzie Dowden (CRD#: 5217538) is registered as a broker and investment adviser with Citizens Securities, where he’s been employed since 2020. Dowden was previously registered as a broker and investment adviser with GWN Securities from 2016 until 2019.

Dowden has one disclosure on his BrokerCheck report. 

February 2020 Customer Dispute

Status: Pending

Allegations: Claimant alleges that unsuitable recommendations were made to him in 2016, including advising him to accept a lump sum early retirement offer from Verizon for $500,000 and placing $300,000 in a Polaris Platinum III variable annuity.

Damage Amount Requested: $500,000.00

If you have any information about Glen Mackenzie Dowden that you would like to share or discuss, please call our firm for a confidential consultation. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.