Jerry Gale Lowrimore, of Carmel, California, a stockbroker with M.L. Stern & Co., LLC, has been subject to a customer initiated investment related arbitration action on February 12, 2016, which settled for $250,000.00 in damages.
The customer’s claim was based upon allegations that Lowrimore made unsuitable investment recommendations to the customer, and effected an unsuitable strategy concerning equity investments in precious metals as well as leveraged exchange traded notes. The customer additionally alleged that Lowrimore made misrepresentations to the customer concerning investments, negligently handled the customer’s account, and breached his fiduciary duty to the customer.
Guiliano Law Group
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