Joseph Rawley Stowell Jr, of Peoria Heights, a stockbroker formerly registered with Securities America, Inc., is the subject of a customer initiated investment related written complaint on November 9, 2016, in which the customer sought $77,000.00 in damages founded on accusations that Stowell poorly advised the customer about investing in mutual funds and stocks, causing the customer to sustain investment losses.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that a customer initiated investment related arbitration claim involving Stowell’s conduct was settled for $15,000.00 in damages based upon allegations that while Stowell was associated with First Union Securities Inc., he failed to follow instructions of selling the customer’s investment in a variable annuity. National Association of Securities Dealers (NASD) Arbitration No. 02-04323 (Jan. 20, 2004).
Stowell was fired from previous employer, Morgan Stanley DW Inc., based upon allegations that he executed an unauthorized transaction relating to a customer’s investment account. His registration with Securities America, Inc. was terminated on September 11, 2017.
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