Defective ETF Investments

William Hamilton Lowell (also known as Bill Lowell) of Dallas Texas a stockbroker currently registered with Lowell Company Inc. and Crescent Securities Group Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages founded on accusations that exchange traded fund transactions executed by the stockbroker were unsuitable; and the customer’s account was overconcentrated in speculative and inappropriate investments by Lowell when he was associated with Lowell Company Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01699 (June 18, 2019).

FINRA Public Disclosure reveals that another customer initiated investment related arbitration claim in regard to Lowell’s activities was resolved for $375,000.00 in damages based upon allegations that during the time that Lowell was associated with Lowell Asset Management, the customer had been placed into exchange traded funds which were not suitable given the customer’s tolerance for risk. FINRA Arbitration No. 17-03223 (Apr. 15, 2019).

FINRA Public Disclosure additionally confirms that Lowell has been sanctioned by at least two securities regulators. For example, Lowell was ordered by the Alabama Securities Commission to pay $7,000.00 and cease and desist violating Alabama securities laws supported by accusations of Lowell effecting two hundred fifty two purchases or sales in the account of customers who resided in a state in which Lowell lacked stockbroker registration. Case No. 2000-0056.

Lowell has been employed by Lowell Company Inc. since September 19, 1989 and Crescent Securities Group since January 18, 2019.

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Guiliano Law Group, P.C.

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