John Lowry (Spartan Capital) Under Investigation

Broker John Lowry Investigated By FINRA, Involved In Spartan Client Disputes

Soreide Law Group provides you with some of the latest information in regard to securities broker John Dennis Lowry (CRD#: 4336146, New York, New York). It appears that Lowry, who is the CEO of Spartan Capital Securities LLC, faces an August 2020 FINRA investigation focused on possible sales practice violations and client complaints. Not only that, but eight clients reportedly disputed Lowry’s actions with their assets. Here’s a breakdown of the disclosures regarding John Lowry.

FINRA’s Investigation Focuses On John Lowry Potentially Not Reporting Client Complaints

It appears that FINRA issued a Wells Notice to John Lowry in August 2020. Evidently, this made him aware that it might take disciplinary action against him for alleged FINRA rules violations. Supposedly, Lowry possibly violated FINRA rules by not timely amending his Form U4 to show investor arbitrations in which clients named him as a respondent. Evidently, these disputes allege sales practice violations. However, as of October 2021, it does not appear that FINRA has gone beyond making a preliminary recommendation to bring a case against Lowry.

Spartan Capital Securities Client Alleges Unsuitable Securities By Lowry

Also, John Lowry is involved in a complaint dated June 2020. This matter contains allegations of unsuitable trading and excessive trading. In addition, the client claimed that Spartan Capital Securities failed to supervise. Allegedly, the securities firm violated FINRA rules. It is unclear what securities the client invested in, but they seek $240,000 in compensation in connection with these allegations. This matter is unresolved at this time.

Client Of Spartan Capital Securities Alleges Misrepresentation In Dispute About John Lowry

It appears that John Lowry is involved in a second arbitration claim. In this AAA Arbitration matter dated May 2019, the client alleged misrepresentation. This matter was settled in March 2020.

Spartan Capital Securities Alleges Damages In Connection With Private Placement

Also, a client of Spartan Capital Securities indicated in a September 2018 dispute that they purchased a bad private placement. According to the claim, the client made allegations of unspecified sales practice violations involving John Lowry. It appears that the client received $300,000 in compensation in February 2019 through a settlement.

Client Arbitration Against John Lowry Alleges Negligence, Breach Of Fiduciary Duty

Notably, a client filed a FINRA Arbitration Claim in December 2016, naming John Lowry as a respondent. The Statement of Claim alleges excessive trading, excessive commissions, conversion, unsuitability, negligence, unauthorized trading, breach of a fiduciary relationship, violation of FINRA rules, and control person liability. Supposedly, in August 2018, the Arbitrator decided that Spartan and Lowry were liable and ordered them to pay $210,000 in compensatory damages in regard to one account and $105,000 in compensatory damages for a second account.

Did You Face Financial Harm Because Of Lowry And His Spartan Capital Securities Brokers?

Did John Lowry directly or indirectly cause you to suffer losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer regarding a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has helped many United States investors recover compensation after incurring losses caused by their financial advisors and securities brokers. Please note that Lowry denies all allegations of his sales practice violations.