Were you the victim of former SagePoint Financial, Inc. broker Jody Bowers (CRD# 4798818) who is accused of unsuitable investment recommendations? She was registered with Lowell & Company, Inc. in Abilene, Texas from 2014 to 2018. Previously, she was registered with Sagepoint Financial, Inc. in Abilene, Texas from 2012 to 2014 and with First Heartland Capital, Inc. in Abilene, Texas from 2007 to 2012.
Jody Bowers Customer Complaints
She has been the subject of two customer complaints between 2017 and 2019, according to her CRD report:
June 2019. “improper investment recommendations and misrepresentation alleged.” The customer sought $100,000 in damages and the case was settled for $270,000. The complaint was regarding exchange-traded funds and took place while he was registered with SagePoint Financial, Inc.
August 2017. “Overconcentration and unsuitability alleged.” The customer sought $6 million in damages and the case was settled for $375,000. The complaint was regarding exchange-traded funds and took place while he was registered with SagePoint Financial, Inc., Lowell & Company, Inc., and First Heartland Capital.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, SagePoint Financial, Inc. may be liable for investment or other losses suffered by Jody Bowers’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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