Investor Files Complaint Against Jeffrey Towles, Columbus Advisor

A recent investor complaint against Fidelity Brokerage Services financial advisor Jeffrey Towles (CRD# 3093428) alleges six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered in Columbus, Ohio and Boston, Massachusetts.

Mr. Towles’ BrokerCheck report discloses one investor complaint. Filed in September 2022, it alleges that as a representative of Fidelity Brokerage Services, he unsuitably recommended the customer invest in a managed account. (More information FINRA’s suitability standard, which requires brokers to recommend only investments and strategies that are appropriate for their customers’ objectives and backgrounds, is available here.) The pending complaint alleges damages of $600,000.

According to the Financial Industry Regulatory Authority, Jeffrey Towles holds 24 years of securities industry experience. Based in Columbus, Ohio, he has been a broker with Fidelity Brokerage Services in since 2014. He has been registered as an investment advisor with Fidelity Personal and Workplace Advisors in Boston, Massachusetts since 2018. His past registrations include Strategic Advisors (Columbus, Ohio; 2004-2018), Charles Schwab & Company (Columbus, Ohio; 2002-2004), and Fidelity Brokerage Services (Smithfield, Rhode Island; 1998-2002). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 30 state licenses. (Information current as of October 12, 2022.)

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