Ex Broker Heath Bowen Allegedly Implemented an Options Strategy that Resulted in an Unsuitable Trade
Former broker Heath Shayne Bowen allegedly implemented an options strategy in a client’s discretionary account which purportedly led to an unsuitable and losing trade in August of 2015, according to a Pending Customer Dispute under review by investor rights attorney Alan Rosca.
The aforementioned dispute was filed on March 3, 2018, FINRA reports, a damage amount of $121,672.00.
Bowen is also the subject of two Pending Customer Disputes which allege that Bowen allegedly implemented an unsuitable options strategy, FINRA notes. Said Disputes were filed on December 11, 2017, and September 29, 2017, respectively, and have also requested damages of $64,000 and $456,529.00, respectively, FINRA reports.
Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Heath Bowen’s alleged unsuitable options strategy.
Investors who believe they may have lost money in activity related to former broker Heath Bowen’s alleged unsuitable options strategy are encouraged to contact attorney Alan Rosca with any useful information or for a free, no-obligation discussion about their options.
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Heath Bowen Suspended by FINRA After Alleged Failure to Comply with $385,000 Arbitration Award
Former broker Heath Bowen allegedly failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance, according to a Final Regulatory Action filed on Bowen’s FINRA BrokerCheck Report on April 16, 2019.
A FINRA arbitration panel has previously granted 13 claimants an arbitration award of $385,000 from Bowen, the ex-President of Allegis Investment Advisors, FINRA notes. The said case involved 13 clients who purportedly lost money in high-risk investments that Bowen had allegedly recommended, FINRA states.
Bowen, based on his alleged failure to comply with the FINRA Arbitration award, has been suspended indefinitely by FINRA until the required payment is made or discharged, FINRA reports.
Ex broker Heath Bowen was registered with Allegis Investment Services, LLC in Idaho Falls, Idaho from February 28, 2014, until May 30, 2018, FINRA notes.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Securities Lawyer Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating former broker Heath Bowen’s alleged unsuitable options strategy. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Heath Shayne Bowen’s alleged unsuitable options strategy may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
