John Stephen Macgowan of New York, New York, a stockbroker formerly registered with Raymond James Financial Services, Inc., was fired on October 2, 2017, based upon accusations that he failed to mark order tickets in accordance with Raymond James procedures.
This is not the first time that Macgowan has been terminated from employment based upon allegations of misconduct. Particularly, FINRA Public Disclosure confirms that Macgowan was fired from previous employer, A.G. Edwards & Sons, Inc., based upon accusations that he entered into faulty cash transactions.
Additionally, a customer was awarded $29,884.00 in damages according to an investment related arbitration claim involving Macgowan’s misconduct, based upon findings that Macgowan breached his fiduciary duties and executed unsuitable mutual fund and equity transactions in the customer’s account between October 4, 2011 and November 30, 2015. The customer further alleged that Raymond James failed to supervise Macgowan’s activities in the customer’s account.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
