Donnell Noah Bowen of Washington DC is a stockbroker formerly registered with Northwestern Mutual Investment Services who has been terminated from employment on January 13 2017 based upon allegations that Bowen left the firm during a time that it investigated him for forging a customer’s signature on account documentation.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Bowen has been identified in thirteen customer initiated investment related disputes containing accusations of Bowen’s improper conduct while employed with Northwestern Mutual Investments Services, LLC. Particularly, on January 25, 2017, a customer initiated investment related written complaint involving Bowen’s conduct was settled to resolve allegations of forgery, wherein the customers’ term life insurance policies were converted to whole life insurance policies without their authorization.
On March 20, 2017, another customer initiated investment related written complaint pertaining to Bowen’s conduct was settled for $49,687.60 in damages supported by accusations that Bowen defrauded the customer in reference to the customer’s non-variable life insurance policy premium payments, failing to deliver those payments to the appropriate party. Subsequently, on May 2, 2017, a customer initiated investment related written complaint regarding Bowen’s activities was resolved for $9,603.90 in damages founded on accusations that Bowen misled the customer about investing in class C mutual fund shares and effected an unsuitable investment strategy for the customer’s individual retirement account.
Bowen is also the subject of a customer initiated investment related written complaint on June 5, 2017, in which the customer sought $5,000.00 in damages supported by allegations of forgery relating to insurance and annuity products. Then, on June 27, 2017, a customer initiated investment related written complaint regarding Bowen’s activities was resolved for $43,184.65 in damages based upon allegations that Bowen fraudulently represented the terms and conditions of the customer’s mutual fund and insurance accounts.
On August 20, 2017, another customer initiated investment related written complaint involving Bowen’s conduct was settled for $225,000.00 in damages supported by accusations that the customer’s investments in a Crescent Ridge Capital Partners fund had been facilitated by Bowen, wherein the manager of that fund had been charged with the violation of federal securities laws.
On August 28, 2017, a customer initiated investment related written complaint regarding Bowen’s activities was resolved for $4,636.00 in damages based upon allegations that unauthorized loans had been executed from the customer’s account without the customer’s consent, and that the customer’s signatures had been forged on account documentation. Moreover, on August 31, 2017, another customer initiated investment related written complaint regarding Bowen’s activities was resolved for $127,994.57 in damages supported by accusations of fraud, in which the customer’s assets were placed into a life insurance policy that was different than what Bowen represented.
On October 10, 2017, a customer initiated investment related written complaint involving Bowen’s conduct was settled for $102,511.19 in damages founded on allegations that Bowen made unsuitable investment recommendations to the customer, advising the customer to liquidate an individual retirement account balance prematurely to fund whole life insurance policies. Bowen was then subject of a customer initiated investment related written complaint on November 15, 2017, where the customer requested $117,148.60 in damages based upon accusations of unauthorized insurance transactions having been executed in the customer’s account.
Furthermore, on November 21, 2017, a customer filed an investment related written complaint regarding Bowen’s activities, alleging changes to have been made on the customer’s non-variable life policies and loans having been effected without the customer’s permission. Then, on November 28, 2017, a customer filed an investment related written complaint regarding Bowen’s activities, seeking $46,808.90 in damages supported by allegations of forgery and unauthorized transactions.
Bowen has also been subject of a customer initiated investment related written complaint on January 3, 2018, in which the customer sought $5,000.00 in damages supported by accusations that Bowen executed unauthorized policy loans, issued new insurance policies to the customer even though the customer never consented, and revised existing insurance policies without apprising the customer.
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