Brad McDowell has spent seven years in the securities industry and has been registered with JP Morgan Securities in Niles, Illinois since 2012. Previous registrations include Chase Investment Services in Niles, Illinois (2011-2012) and National Securities Corporation in Chicago, Illinois (2008-2011).
According to his BrokerCheck report, Brad McDowell is the subject of two customer complaints and one closed customer complaint.
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 2012 a customer alleged Brad McDowell, while employed at National Securities Corporation, made unsuitable investment recommendations, provided poor performance, and offered poor recommendations. The customer sought unspecified damages in the complaint, which was closed with no action taken.
According to FINRA rules and federal securities law financial professionals like Brad McDowell must abide by a standard called suitability, meaning they must only investments that are suitable for their clients. They must weigh such factors as the customer’s investment goals, age, income, risk tolerance, net worth, and more. Brokers and investment advisers may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers and brokerage firms who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint 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 losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free