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Investor Seeks Six Figures in Suitability Dispute with Jeffrey Towles

Jeffrey Towles (CRD #: 3093428), a broker registered with Fidelity Brokerage Services, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on November 7, 2022. Investors may have also engaged his services through Fidelity Personal and Workplace Advisors. Read on if you have questions about his conduct as a broker.

Investor Dispute

On September 7, 2022, an investor alleged that Jeffrey Towles made an unsuitable recommendation to invest in a managed account. The client seeks $600,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile. These profiles contain information about their financial goals, tax status, and risk tolerance.

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

Background Information

Jeffrey Towles has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Jeffrey Towles is a registered broker in 27 states and the District of Columbia. He is also a registered investment adviser in Ohio and Texas.

He has also worked for the following firms:

  • Strategic Advisers (CRD#:104555)
  • Charles Schwab & Company (CRD#:5393)
  • Fidelity Brokerage Services (CRD#:7784)

Kurta Law Can Help

If you worked with Jeffrey Towles and you have concerns about your investments, please contact us today at 877-600-0098 or 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.