If you have suffered trading losses with stockbroker Donald J. Fowler, call (312) 757-2272 for a FREE, NO OBLIGATION consultation regarding your investment loss recovery options.
According to FINRA reports, Donald J. Fowler has three (3) pending customer disputes which allege generally that Donald Fowler has excessively traded in their accounts – which resulted in unwarranted commissions – and allegedly recommended unsuitable investments to the customers. In total, Donald Fowler has ten (10) disclosure events on his BrokerCheck CRD.
Stockbrokers like Donald Fowler have a regulatory obligation to only recommend or engage in transactions that are suitable for their customers and to ensure that any recommendation to purchase investment products are suitable for the needs of each customer. Moreover, they also have an obligation not to excessively trade their customer accounts. If there is too much trading in a customer account, this excessive trading might be considered a type of stockbroker misconduct called “churning”. Churning occurs when a broker engages in excessive buying and selling in a customer’s account to generate commissions that solely benefit the broker. Frequent in-and-out purchases and sales of securities that don’t appear necessary to fulfill the customer’s investment goals may be evidence of churning.
If you are an investor who has suffered losses investing with Donald Fowler, you may be able to recover your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (312) 757-2272 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentlossattorney.com.