George Wilson Howe, of Austin, Texas, a stockbroker associated with USCA Securities LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Howe breached fiduciary duty and was negligent during the time that he was associated with USCA Securities LLC. FINRA Arbitration No. 21-02943 (May 4, 2023). The claim also alleged the negligent failure to supervise by the securities broker dealer.
According to FINRA Public Disclosure, the “Matter was settled solely to avoid the continued burden, inconvenience, and expense of litigation. Claimants acknowledged any losses asserted were not due to misconduct or negligence by any USCA employee, including but not limited to George Howe.”
FINRA Public Disclosure also shows that Howe was referenced in a customer initiated investment related complaint filed on December 21, 2005, in which the customer requested $16,000.00 in damages based upon allegations that Howe failed to reveal details of the customer’s variable annuity, such as the requirement to annuitize to receive the 7% guarantee and that the customer’s money was invested in the market. This complaint concerned Howe’s activities at Raymond James Associates Inc. The complaint was denied or closed.
George Wilson Howe has been associated with USCA Securities LLC in Austin, Texas since April 29, 2013. In addition, he has been associated with U.S. Capital Wealth Advisors LLC in Austin, Texas since June 30, 2021. Before that, he was associated with USCA RIA LLC from April 29, 2013, to June 30, 2021.