Did Paul Lawrence Fowler Cause You Investment Losses?
Paul Lawrence Fowler of Davidsonville, Maryland submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegedly executing unauthorized securities transactions in violation of FINRA Rule 2010. Due to the alleged misconduct, Fowler was assessed a fine of $5,000, suspended from association with any FINRA member in all capacities for 30 days. The suspension was in effect from January 19, 2021, through February 17, 2021.
In August 2016, Paul Lawrence Fowler joined Wells Fargo Clearing Services, LLC and became registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that he had been terminated due to his alleged misconduct. According to the FINRA findings, Fowler allegedly violated the firm’s written supervisory procedures by executing 14 unauthorized transactions with a total principal value of approximately $60,050. The findings state that Fowler received instructions from the husband of the account holder to execute the trades, however, he was not a signatory to or authorized individual of the account. The findings further state that Fowler earned $1,955.85 in commissions for the unauthorized transactions and was ordered to pay it back with interest.
FINRA Rule 2010 requires associated persons to observe high standards of commercial honor and just and equitable principles of trade. Unauthorized trading, which occurs when a registered representative executes trades in a customer’s account without first obtaining the customer’s authorization or consent, violates FINRA Rule 2010.
Do You Need a Maryland FINRA Securities Arbitration Attorney?
Are you a Maryland investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Maryland stockbroker or investment advisor misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues.
Free Initial Consultation With Experienced FINRA Securities Arbitration Lawyers Serving Davidsonville, Maryland Residents In FINRA Arbitration Proceedings
At The Law Offices of Robert Wayne Pearce, P.A. we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Maryland, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.
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For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving Maryland citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.