RBC Capital Market’s Lisa Lowi Allegedly Made Unsuitable Bond Trades

Soreide Law Group is reviewing possible investor claims against RBC Capital Markets securities broker Lisa Lowi (CRD#: 1347790, Boca Raton, Florida). Namely, the Financial Industry Regulatory Authority (“FINRA”) reports that 39+ clients brought disputes about her sales practices. Not only that, but FINRA barred Lowi for her lack of cooperation during an investigation into her allegedly unsuitable trades. Here’s more on some of the recent disclosures concerning Lowi:

RBC Capital Markets Client Indicates Lisa Lowi Sold Bad Puerto Rico Bonds

Apparently, on September 12, 2018, a client of RBC Capital Markets brought FINRA Arbitration #: 18-03092. Mainly, the client suggested that Lisa Lowi made unreasonable and unsuitable Puerto Rico bond trades. It appears that these municipal debt trades conflicted with the client’s risk tolerance or investment objectives. Moreover, the client stated that RBC Capital Markets negligently supervised these sales. For this reason, RBC Capital Markets opted to pay the client $25,000 in damages to resolve the matter on January 24, 2019.

Lowi Allegedly Sells Unsuitable Junk Bonds To RBC Capital Markets Client

Evidently, on February 1, 2018, a client of RBC Capital Markets LLC filed FINRA Arbitration #: 18-00425. It appears that Lisa Lowi made unsuitable recommendations or trades in this client’s account. Supposedly, the client’s bond positions, consisting of municipal and corporate debt products, failed to align with the client’s goals or risk tolerance. Because of this, on December 6, 2018, RBC Capital Markets compensated this client to the tune of $75,000.

RBC Capital Markets Client Indicates Lisa Lowi Breached Fiduciary Duty

Apparently, on November 2, 2016, a client of RBC Capital Markets contested Lisa Lowi’s sales practices by bringing FINRA Arbitration #: 16-02949. First of all, like the other clients, this client alleged that Lowi was an “intermediary” for unsuitable advice regarding corporate debt investments. However, this client also alleged that the broker breached a fiduciary duty, failing to put the client’s interests first. Thirdly, the client suggested that RBC Capital Markets or Lowi acted negligently and deceived the client. Given the circumstances, RBC Capital Markets agreed to pay the client $85,000 to settle the matter on February 14, 2018.

FINRA Bars Lowi For Failing To Testify In Investigation

FINRA basically ended Lisa Lowi’s career in the securities industry as a result of a Letter of Acceptance, Waiver and Consent (“AWC”) she executed in 2017. Notably, the AWC shows that Lowi violated FINRA Rule 8210. Notably, this rule empowers FINRA to require that a broker testify or provide documents during inquiries and investigations. Apparently, FINRA asked Lowi to testify about allegations of her bad sales practices. However, Lowi failed to oblige. Because of this, on November 3, 2017, FINRA permanently barred the securities broker from associating with a FINRA member.

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Have you experienced losses by investing with securities broker Lisa Lowi? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.