Dean Robert Nowak of Winter Park Florida a stockbroker currently registered with Taylor Capital Management Inc. is referenced in a customer initiated investment related written complaint on September 11, 2018 in which the customer sought $6,000.00 in damages supported by accusations that (1) Nowak placed the customer in stocks and annuity investments that were not suitable because he removed the parties responsible for managing the customer’s investments and (2) he made omissions and false statements to the customer in regards to the customer’s transfer of a Nationwide variable annuity into a indexed annuity issued by Security Benefit.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Nowak has been identified in three more customer initiated investment related disputes containing allegations of his violative conduct during the time that he was associated with Signator Investors, Inc., Summit Brokerage Services Inc. and TCM Securities Inc. Specifically, a customer initiated investment related arbitration claim regarding Nowak’s activities was settled for $16,000.00 in damages based upon accusations that transactions were effected in the customer’s account that were not suitable, misrepresentations had been made to the customer, fiduciary obligations had been breached, and the customer had been defrauded in reference to a purchase of a variable annuity. National Association of Securities Dealers (NASD) Arbitration No. 02-07037 (Oct. 21, 2003).
Then, on July 9, 2009, a customer filed an investment related complaint involving Nowak’s activities where the customer requested $45,000.00 in damages founded on allegations against Nowak of making misrepresentations to the customer and defrauding the customer with respect to the customer’s variable annuity purchase. Moreover, on February 25, 2013, a customer filed an investment related complaint concerning Nowak’s conduct in which the customer sought $156,688.62 in damages supported by accusations that Nowak made false statements to the customer about a fixed annuity at the time that the annuity has been purchased.
FINRA Public Disclosure additionally reveals that on June 16, 2010, Nowak has been discharged by previous employer, Summit Brokerage Services, based upon allegations of Nowak having made unsuitable investment recommendations to customers.
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