Jack Owens Has Received Four Regulatory Sanctions

shutterstock_211701538-232x300Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 17, 2018 indicate that Florida-based Gradient Securities broker Jack Owens has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Owens (CRD# 2240940).

Jack Owens has spent 23 years in the securities industry and has been registered with Gradient Securities in Lady Lake and Bonita Springs, Florida since 2009. Previous registrations include Traderight Securities in Naples, Florida (2007); Legacy Financial Services in Naples, Florida (2000-2007); Securities America in La Vista, Nebraska (1996-2000); and Pruco Securities Corporation in Newark, New Jersey (1992-1996). He has passed one securities industry examination: Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on July 28, 1992. He is a registered broker with two US states: Florida and Ohio.

According to his BrokerCheck report, he has received four regulatory sanctions, two customer complaints, one pending customer complaint, and three customer complaints that were closed or denied.

In April 2018 a customer alleged Jack Owens, while employed at Gradient Securities, liquidated annuity products, resulting in penalties and losses, from December 2017 until February 2018. The customer is seeking at least $150,000 in damages in the pending complaint.

In April 2018 a customer alleged he, while employed at Gradient Securities, misrepresented material facts regarding a variable annuity product. The customer sought unspecified damages in the complaint, which was denied.

In 2016 a customer alleged he, while employed at Gradient Securities, recommended an unsuitable variable annuity product. The customer sought unspecified damages in the complaint, which was denied.

In 2013 the Florida Department of Financial Services sanctioned him in connection to allegations he advised an unsuitable annuity exchange to a senior customer. He was issued a fine of $3,000.

In 2013 a customer alleged Jack Owens, while employed at Gradient Securities, misrepresented material facts related to an annuity transfer. The complaint settled for $180,000.

In 2016 a customer alleged he, while employed at Gradient Securities, recommended an unsuitable variable annuity replacement. The customer sought $7,200 in damages in the complaint, which was closed with no action taken.

In 2010 a customer alleged Jack Owens, while employed at Legacy Financial Services, provided incorrect information related to annuity products. The complaint settled for $14,999.

If you or someone you know has lost money investing with Jack Owens, call the experienced attorneys at 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: we only get 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.