The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker John MacGowan. According to his publicly available FINRA BrokerCheck report, John MacGowan has been the subject of a customer dispute.

John MacGowan was a New York based securities broker. He worked in the securities industry for forty years. During his career, he was registered with six different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Merrill Lynch (1972-1975)
  • Fittin, Cunningham & Lauzon (1975-1983)
  • Philips, Appel & Walden (1983)
  • A.G. Edwards & Sons (1983-1986)
  • Robert Thomas Securities (1990-1999)
  • Raymond James (1999-2017)

The Allegations

  • In October 2016. a customer alleged that John MacGowan recommended unsuitable investments and breached his fiduciary duty. The alleged transgressions taking place between October 2011 and November 2015. This case went to arbitration where the customer was awarded $29,884 in damages.
  • In October 2017, John MacGowan was terminated from his position at Raymond James Financial Services. This followed allegations that he failed to comply with their directives of making order of tickets.

Oakes & Fosher Can Help

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 investing with John MacGowan, please contact Oakes & Fosher for a free and private consultation.