Stephen Owen III: One Regulatory Sanction

Stephen Owen III

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on March 9, 2017 indicate that Maryland-based UBS Financial Services broker/adviser Stephen Owen III has been the subject of resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Owen (CRD# 2350652).

Stephen Owen has spent 23 years in the securities industry and has been registered with UBS Financial Services in Annapolis, Maryland since 2015. Previous registrations include Morgan Stanley in Annapolis, Maryland; Wells Fargo Advisors in Severna Park, Maryland; First Union Brokerage Services in Charlotte, North Carolina; Johnston Lemon & Company in Washington, DC; Legg Mason Wood Walker in Baltimore, Maryland; Raymond James & Associates in St. Petersburg, Florida; and Ferris Baker Watts in Baltimore, Maryland. He has passed four securities industry examinations: Series 55 (Limited Representative-Equity Trader Exam), Series 7 (General Securities Representative Examination), 65 (Uniform Investment Adviser Law Examination) and Series 63 (Uniform Securities Agent State Law Examination). He is a registered broker and investment adviser with twenty US states and territories.

According to his BrokerCheck report report, he has received one regulatory sanction, three customer complaints, and one pending customer complaint.

In January 2017 a customer alleged Stephen Owen, while employed at UBS Financial Services, over-concentrated the accounts in unsuitable and risky investments. The customer is seeking damages between $450,000 and $650,000 in the pending complaint.

In 2010 a customer alleged Stephen Owen, while employed at Wells Fargo Advisors, misrepresented material facts related to an annuity product. The complaint settled for $18,130.

In 2009 a customer alleged Stephen Owen, while employed at Wells Fargo Advisors, misrepresented material facts related to an annuity. The complaint settled for $20,000.

In 2009 a customer alleged he, while employed at Wachovia Securities, recommended an unsuitable investment in a First Trust Strategic High Income Fund II. The complaint settled for $10,000.

In 2009 the Maryland Insurance Commissioner sanctioned him following allegations he made “an alteration on a policy application for the benefit of the client to correct certain errors after receiving verbal but not written consent from the client.” He entered into a consent order and was issued a fine of $400.

If you or someone you know has lost money investing with Stephen Owen III, call 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.