Investors Allege Brandon Bowman Made Unsuitable Investment Recommendations

Brandon Bowman (CRD #: 4871073), a broker registered with Ameritas Investment Company, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 15, 2023. Investors may have also worked with him through Ameritas Advisory Services. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On February 2, 2023, multiple investors filed a dispute alleging that Brandon Bowman recommended and overconcentrated them in unsuitable investments. This dispute is currently pending.

In a dispute filed on April 26, 2021, investors similarly alleged that Brandon Bowman made unsuitable investment recommendations. These clients sought $1 million in damages and received a settlement of $200,000.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes characteristics such as their age, tax status, and investment goals.

Investment strategies must also meet the requirements of suitability. A common example of an unsuitable investment strategy is overconcentration, which can expose an investor to excessive risk.

Investors who rely on their broker for recommendations may be able to recoup their losses by seeking out FINRA arbitration.

Background Information

Brandon Bowman has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Brandon Bowman is a registered broker in 30 states and a registered investment adviser in Texas.

He has also worked for the following firms:

• IWC Financial Planning (CRD#:172090)     
• LPL Financial (CRD#:6413)
• Cetera Advisors (CRD#:10299)
• UBS Financial Services (CRD#:8174)

Kurta Law Can Help

If you worked with Brandon Bowman 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.