Public records published by the Financial Industry Regulatory Authority (FINRA) on November 8, 2016 indicate that former Illinois-based JP Morgan broker Brad McDowell is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. McDowell (CRD# 5413618).
Brad McDowell has spent eight years in the securities industry and was most recently registered with JP Morgan Securities in Niles, Illinois (2012-2016). Previous registrations include Chase Investment Services in Niles, Illinois (2011-2012) and National Securities Corporation in Chicago, Illinois (2008-2011). He is currently not registered with any state or firm.
According to his BrokerCheck report, Brad McDowell has received two customer complaints and was discharged from JP Morgan Securities.
In June 2016 Brad McDowell was terminated from his position at JP Morgan Securities following “non securities related” allegations that he “failed to secure confidential client information.”
In 2013 a customer alleged Brad McDowell, while employed at National Securities Corporation, made unsuitable investment recommendations and breached his fiduciary duty. The complaint settled in 2015 for $14,999.
In 2013 a customer alleged Brad McDowell, while employed at JP Morgan, misrepresented material facts related to an investment. The complaint settled in 2013 for more than $7,700.
According to FINRA rules and federal securities law, investment professionals like Brad McDowell must abide by a fiduciary duty that requires them to act only in their clients’ best interests. This means, for example, that they can may recommend suitable investments that weigh the client’s investment goals, experience, risk tolerance, and other factors. Brokers may not misrepresent or omit material facts related to an investment, as this might cause a customer to invest unsuitably. Brokers and firms who violate applicable rules and regulations may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have complaints regarding Brad McDowell, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.