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$1 Million Investor Complaint Against Edward Jones Rep Jim Bowdish
Raleigh stockbroker Jim Bowdish (CRD 3123554) allegedly caused at least $1 million in losses, according to a pending investor complaint against him. Financial Industry Regulatory Authority (FINRA) records show that he is a representative of Edward Jones who has previously received customer complaints that were denied by his member firm.
Jim Bowdish’s BrokerCheck report lists one pending investor complaints against him. Filed in 2021, it alleges that as a representative of Edward Jones, he failed to make timely life insurance premiums, allowing the claimant’s policy to lapse. The pending complaint alleges damages believed to be at least $1,000,000.
As for the denied complaints listed on Mr. Bowdish’s BrokerCheck report, they were filed in 2008 and 2021. The 2008 complaint alleged that as an Edward Jones representative, he executed unauthorized trades, resulting in damages of $12,056.83. The 2021 complaint, meanwhile, alleged he misrepresented account distributions as non-taxable, alleging unspecified damages believed to exceed $5,000. Both complaints were denied by the firm.
Mr. Bowdish’s member firm, Edward Jones, has 150 investor complaints listed on its BrokerCheck report. One recent complaint, filed in 2015, alleged churning, fraud, unsuitable investment recommendations, and unauthorized trading, concluding with a FINRA arbitration panel’s award to the claimant of $513,715.63. A complaint filed in 2014, meanwhile, alleged churning, unauthorized trading, unsuitable investment recommendations, breach of contract, failure to supervise, breach of fiduciary duty, and negligence, concluding with an award to the claimant of $519,511. Information about the other 148 investor complaints can be accessed on the firm’s BrokerCheck report.
According to the Financial Industry Regulatory Authority, Jim Bowdish holds 23 years of securities industry experience. He has been registered with Edward Jones in Raleigh, North Carolina as a broker since 1998 and as an investment adviser since 2002. His credentials include the passage of four securities industry exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He holds 17 state licenses. (Information current as of April 4, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.