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Trustee Alleges Anne DeBowes Mismanaged Account

Anne DeBowes (CRD #: 2157405), a broker registered with Wells Fargo Clearing Services, was recently the subject of an investor dispute, according to her BrokerCheck record, accessed on November 13, 2022. If you have questions about her conduct as a broker, keep reading.

Investor Dispute

On August 26, 2022, a trustee filed a dispute alleging that Anne DeBowes mismanaged an account by not monitoring it closely until assets were converted to cash between December 28, 2021, and the date of filing. The trustee sought $431,062.80 but the dispute was denied by the firm.

However, investors should know that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration and potentially recover their funds following a denial.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Anne DeBowes has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Anne DeBowes is a registered broker in 22 states and a registered investment adviser in Connecticut and Texas.

She has also worked for the following firms:

  • Chase Investment Services (CRD#:25574)
  • J. P. Morgan Securities (CRD#:18718)
  • J. P. Morgan Advisors (CRD#:102920)
  • Prudential Securities (CRD#:7471)

Kurta Law Can Help

If you worked with Anne DeBowes and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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