Lisa Lowi has been sued 35 times over the past three years for recommending unsuitable investments to her investors at Janney Montgomery Scott and RBC Capital Markets. Unsuitable investments are investments that carry more risk than an investor is willing to take, such moderate to high risk investments for a retired investor. Lowi has recently been barred from the securities industry from failing to comply with a regulatory investigation into her offering unsuitable investments. If you are an investor of Lowi’s please call toll-free at 1-866-817-0201 for a free consultation with an attorney
In 2017, FINRA, the regulator that oversees securities brokers, was conducting an investigation of Lowi in connection with customer complaints and arbitration claims alleging, among other things, unsuitable trading.
On September 7, 2017, FINRA staff sent Lowi’s attorney a written request for testimony concerning the unsuitable securities allegations. As stated in Lowi’s attorney’s email to FINRA staff on October 11, 2017, and by this agreement, Lowi acknowledges that she received FINRA’s request and simply decided not appear for on-the-record testimony. This is viewed as conceding the violation.
FINRA Rules require that brokers subject to FINRA’s jurisdiction provide information, documents and testimony as part of a FINRA investigation. FINRA rules provide that “[a broker] in the conduct of its business shall observe high standards of commercial honor and just and equitable principles of trade.” By refusing to appear for on-the-record testimony as requested pursuant to FINRA Rule 8210, Lowi violates FINRA Rules 8210 and 2010.
Jeffrey Pederson PC is a private attorney protecting the rights of investors and recovering investment losses nationwide.