The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Lisa Lowi. According to her publicly available FINRA BrokerCheck report, Lisa Lowi has been the subject of numerous customer disputes.
Lisa Lowi was a Florida based securities broker. She worked in the securities industry for thirty-one years. During her career, she was registered with four different securities firms. She is no longer working as a registered securities broker in any fashion.
Her Registrations
- J.B. Hanauer & Co. (1985-1990, 1991-2009)
- Prudential-Bache Securities (1990-1991)
- RBC Capital Markets (2009-2015)
- Janney Montgomery Scott (2015-2016)
The Allegations
Between July 2015 and September 2018, she became the subject of thirty-seven customer complaints. All of these complaints centered around Lisa Lowi allegedly making unsuitable recommendations to her customers that they purchase high-risk “junk” bonds in the energy sector. A lot of investors suffered substantial losses due to Lisa Lowi’s alleged actions.
What Does This Mean?
These types of energy sector “junk” bonds are high-risk securities that companies offer when they need to raise capital in a short amount of time. More often than not, the companies that issue these types of bonds are not financially sound and are doing so through some type of last ditch effort. Some less than scrupulous securities brokers often present these types of securities as very alluring due to their high-yield potential; however, their associated risk often goes undisclosed when they are being pitched to unsuspecting investors.
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 Lisa Lowi, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
