Category Archives: ETFs Exchange Traded Funds

Jody Bowers-Former SagePoint Financial Broker-Subject of $6M Customer Suit Over ETF Investments-Abilene, TX

March 2019- Abilene, Texas

We are currently investigating former SagePoint Financial financial advisor Jody Bowers on behalf of an elderly widow living in North Texas.

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) and seeking damages of $6,000,000. This matter is currently pending.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Bill Lowell of Lowell & Company- Discloses Pending $6M Customer Suit-Lubbock, TX

February 2019- Lubbock, Texas

The FINRA records of William (“Bill”) Hamilton Lowell ,  a  financial advisor who is currently registered with Crescent Securities Group and Lowell & Company  disclose two prior regulatory issues and a  pending customer disputes.

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 currently pending FINRA case 17-3223 a customer of Lowell Asset Management alleges damages of $6,000,000 as a result of investments made in exchange traded funds (ETFs).

Bill Lowell owns over 75% of Lowell & Company where he serves as chief compliance officer and President. He has been registered with Crescent Securities Group since 1/2019.

If you have losses in an account handled by Bill Lowell call for a no charge consultation to learn about your options for recovery of damages.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Shon E. Flaharty-LPL Financial Broker-Settles Suit for $350K-Clearwater, FL

December 2018-Clearwater, Florida

The FINRA records of  Shon E. Flaharty,  a  stock broker who is currently employed by LPL Financial,  disclose  the recent settlement of a customer dispute for $350,000.

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 9/2018 , a customer of LPL Financial was paid $350,000 to resolve allegations that thier account was over-concentrated in unsuitable ETF (exchange traded fund) investments.

Flaharty has worked for LPL Financial since 9/2007 and operates Flaharty Asset Management in Clearwater, FL.

If you have losses in an account handled or supervised by Shon Flaharty call for a no charge consultation to discuss your legal options for recovery.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Mason W. Gann-Former Berthel Fisher Broker-Subject of Customer Dispute Over Account Losses-Dallas, TX

January 2019- Dallas, TX

The FINRA records of Mason W. Gann, a stockbroker who is not currently registered with any broker dealer and who was last employed by Berthel Fisher and Co. , disclose a recent regulatory event resulting in suspension, a currently pending customer dispute, 2 prior customer disputes , a termination from employment and an outstanding tax lien.

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 April 2018, FINRA suspended Mason Gann for 20 business days and fined him $5,000 to resolve allegations that he exercised discretion in six customers’ accounts without obtaining written approval from the customers or his firm.

In January 2018 a customer of Berthel Fisher filed a complaint seeking damages of $75,000 alleging concern about being able to support his future income requirements alleging that investments in his account are unsuitable for his risk level and alleging that Gann made unauthorized trades and churned  his account. The investments at issue are equities, options, unit investment trusts and ETFs.

Gann was employed with Berthel Fisher since 6/2012. In February 2018, Gann was discharged by Berthel Fisher who made the following allegation on Gann’s BrokerCheck report: “Terminated for possible violation of terms of heightened supervision”. 

Gann discloses an outstanding judgment/lien in favor of the Internal Revenue Service in the amount of $54,157.

If you have losses in an account handled by Mason Gann contact us for a no charge consultation to learn how you may be able to recover damages 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.

Nationwide Representation

Rex Securities Law

National Toll Free: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jay D. Jordan-Former WFG Investments Broker-Subect of $9M in Customer Claims-Oklahoma City, OK

February 2018-Oklahoma City, OK

According to publicly available records Jay D. Jordan  , (CRD# 1776666) ,  a  former stockbroker who last worked for WFG Investments  discloses that he was recently permanently barred from the securities industry by the Oklahoma Department of Securities for a variety of reasons, including:

  • engaging in dishonest and unethical practices by effecting unauthorized transactions in customer accounts
  • exercising discretionary power in customer accounts
  • disclosing customer account information to an unauthorized third party
  • recommending investment strategies without reasonable grounds
  • making false statements to his brokerage firm

He was also barred from the securities industry by FINRA for exercising hundreds of unsuitable purchases of non-traditional exchange traded funds (ETFs). exercising discretion, and failing to report customer complaints to his firm.

His FINRA record discloses 10 pending and 4 prior customer disputes 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 the previously resolved customer complaints, damages in excess of $1 million were paid to settle claims by customers.

The currently pending claims by customers of Jordan seek damages in excess of $9 million.

Jordan was employed by WFG Investments  from 9/2005-4/2016. He was discharged by WFG Investments 3/2016. WFG made the following allegation on Jordan’s FINRA record in connection therewith: “WFG has reasonably concluded the representative failed to follow certain policies of WFG, including: failure to report a customer complaint, attempting to settle a customer complaint, unauthorized use of a personal email address to communicate with a customer, and mischaracterizing aspects of an outside business activity.”

If you have losses in an  investment account handled by Jay D. Jordan , call to learn how you may be able to recover damages 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870