James Stowell Suspended For Allegedly Liquidating A Customer's Mutual Fund Without Authorization

The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker James Stowell. According to his publicly available FINRA BrokerCheck report, James Stowell has been the subject of a customer dispute and a FINRA sanction.

James Stowell operated most recently as an Illinois based securities broker. He worked in the securities industry for twenty-nine years. During that time, he was registered with four different securities firms. He is no longer working as a registered securities broker in any fashion.

The Registrations

• Shearson Lehman Hutton (1987-1989)


• Blunt Ellis & Loewi Incorporated (1988-1990)


• Everen Securities (1990-1994)


• Robert W. Baird & Co. (1994-2017)

• In April 2018, a customer alleged that James Stowell made misrepresentations concerning the types of products purchased in his accounts. This case was settled for $75,000 in damages.


• In June 2018, James Stowell was officially sanctioned by FINRA. The findings in this matter state that he allegedly sold shares of a customer's mutual funds without authorization. He allegedly followed the instructions of an unauthorized party to withdraw a total of $40,000 from his elderly customer's account. The unauthorized party was the customer's husband; however, he was not listed as an authorized user on the account. There was no cash balance in the customer's account at the time, so James Stowell allegedly liquidated shares of one of the customer's mutual funds to fund the withdrawal without the customer's authorization. For these allegations, James Stowell was fined $7,500 and suspended for a period of forty-five days from acting as a securities broker in any fashion.

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money with James Stowell, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.