June 2019- Abilene, Texas
We are currently investigating former SagePoint Financial financial advisor Jody Bowers on behalf of an elderly widow living in North Texas, who anticipates filing a FINRA arbitration seeking damages on unsuitable investments, including:
- Proshares Ultra VIX Short-Term Futures (UVXY)
- Proshares Sht VIX St Futures Exchange Traded Funds (SVXY)
According to publicly available records , Jody Bryant Bowers , a stockbroker who was last employed with Lowell & Company, and who operates JB Capital, LLC in Abilene,TX, disclose a pending customer dispute and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 1/2018 a customer of Bower’s prior employers Sagepoint Financial and First Heartland Capital filed FINRA Case#17-03223 alleging an overconcentration of unsuitable exchange traded funds (ETFs). That case was settled in April 2019 for $375,000.
Jody Bowers prior employment includes Lowell & Co. 4/2013-6/2018; SagePoint Financial 10/2012-4/2014 and First Heartland Capital 8/2007-9/2012. Bowers was discharged by First Heartland Capital who alleged that Bowers entered into a business transaction with a client with written approval from the Heartland.
If you have questions about an investment account handled by Jody Bowers, contact us for a no charge consultation to learn how you may be able to recover damages for losses to your account through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900