The Financial Industry Regulatory Authority (FINRA) permanently barred registered representative Lisa Lowi for failing to provide on-the-record testimony sought by the regulator relating to a pending customer complaint alleging that Ms. Lowi engaged in unsuitable trading.
Lowi (CRD# 1347790) is no longer registered with any securities firm, but was formerly associated with Janney Montgomery Scott LLC, in Boca Raton, Florida; and RBC Capital Markets LLC, and J.B. Hanauer & Co., in West Palm Beach, Florida. Lowi has also been registered with financial firms in New York and New Jersey. Lisa Lowi was first registered in 1985.
Lisa Lowi’s FINRA BrokerCheck report identifies approximately 37 prior customer disputes.
The current complaint alleges that Ms. Lowi recommended unsuitable investments in energy sector corporate bonds. The complaint also alleges negligence and breach of fiduciary duty.
Unsuitable Recommendations
Prior to making recommendations to any customer, brokers are required under industry rules to obtain information about the customer’s finances and investment goals and objectives. Additionally, brokers have a duty to research investments to ensure they align with their client’s situation and goals.
If you lost money in investments recommended to you by Lisa Lowi, or if you suspect your financial advisor has sold you unsuitable investments, the experienced investment attorneys at Meyer Wilson may be able to help you recover your losses.
Related Posts:
