James Frederick Sowerine of Billings Montana a stockbroker currently employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was settled for $80,000.00 in damages based upon allegations that (1) Sowerine executed unauthorized trades in the customer’s account and (2) Sowerine inappropriately placed the customer in energy sector securities and mutual funds while he was associated with RBC Capital Markets LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01528 (Aug. 6, 2018).
FINRA Public Disclosure additionally reveals that on April 30, 2008, another customer filed an investment related complaint regarding Sowerine’s conduct where the customer sought $16,000.00 in damages supported by accusations that while Sowerine was associated with RBC Capital Markets Corporation, Sowerine made misrepresentations to the customer concerning the terms and conditions of a variable annuity that Sowerine steered the customer towards purchasing.
Sowerine has been registered with RBC Capital Markets LLC since March 2, 1998.
