Warren Ellwood Rowe of Richmond, Virginia, a stockbroker registered with Oppenheimer Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rowe failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2020066566001 (January 3, 2022).
According to the AWC, FINRA investigated whether Rowe received “unauthorized loans” from the securities broker dealer’s customers. On October 5, 2021, FINRA asked Rowe to provide information and documents relating to the investigation. On November 12, 2021, Rowe stated that he would not comply with that request at any time. FINRA determined that Rowe violated Rules 2010 and 8210.
FINRA Public Disclosure shows that Rowe is referenced in eight customer initiated investment related disputes concerning Rowe’s conduct while associated with securities broker dealers. On November 17, 2005, a customer initiated investment related complaint involving Rowe’s conduct was settled for $50,000.00 in damages based upon allegations that Rowe made unsuitable recommendations of equities when Rowe was associated with Prudential Securities Inc.
On July 23, 2010, a customer initiated investment related FINRA securities arbitration claim involving Rowe’s conduct was settled for $125,000.00 in damages based upon allegations that Rowe gave unsuitable advice to the customer regarding mutual funds when Rowe was associated with RBC Capital Markets Corporation. FINRA Arbitration No. 09-04855.
Rowe was also referenced in a complaint filed on October 5, 2020, in which the customer requested $25,000.00 in damages based upon allegations that Rowe borrowed and failed to repay customer funds when Rowe was associated with Oppenheimer Co. Inc.
On August 13, 2021, another complaint involving Rowe’s conduct was settled for $75,000.00 in damages based upon allegations that Rowe engaged in unauthorized trading and borrowed the customer’s funds while at Oppenheimer Co. Inc.
Rowe was associated with Oppenheimer Co. Inc. in Richmond, Virginia, as a stockbroker from March of 2011 to May of 2020. On May 4, 2020, Oppenheimer Co. Inc. permitted Rowe to resign based upon allegations that Rowe borrowed customer funds.
