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Donald Joseph Fowler was a registered broker with Worden Capital Management until 2019. In 2019, the SEC won a jury trial against Fowler and Gregory T. Dean – they were “charged in January 2017 with fraud for excessively trading customer accounts using a trading scheme that generated hefty commissions for the broker but significant losses for his customers.”
Peiffer Wolf Carr Kane & Conway is currently investigating claims against Donald Fowler and his partner, Gregory T. Dean.
According to FINRA’s BrokerCheck website for Public Disclosures, Donald Fowler has been the subject of 15 disclosures. Some of the more notable disclosures are as follows:
- October 2019 – Customer Dispute – Pending. Allegations include breach of fiduciary duty, negligence, negligent supervision, fraud, breach of contract.
- August 2019 – Customer Disputer – Settled. Allegations included fraud, misrepresentation, breach of fiduciary duty, negligent supervision and breach of contract.
- July 2019 – Customer Dispute – Pending. Allegations include negligence, unsustainability, breach of fiduciary duty, breach of contract, negligent misrepresentation and omissions.
- January 2017 – Civil – Final. “The Securities and Exchange Commission alleges that Donald J. Fowler (Fowler) and the other individual recommended to customers a high-cost trading strategy consisting of the excessive buying and selling of stocks. This strategy benefitted Fowler because the frequency of the trading generated substantial commissions and other fees. The customers who trusted Fowler and relied on his supposed stock-picking expertise, however, ended up with enormous losses.”
- June 2016 – Customer Dispute. Settled for $400,000. Allegations included “churning or Excessive Activity, Unauthorized Trading, Breach of Fiduciary Duty, Negligent Failure to Supervise, Common Law Fraud.”
- April 2015 – Customer Dispute. Settled for $90,000. Allegations included churning, unsuitability, negligent supervision, markup or commission abuse, breach of fiduciary duty
- October 2014 – Customer Dispute. Settled for $350,000. Allegations included churning, negligence, unsuitability, overconcentration, and failure to supervise.
To review Donald Fowler’s Broker Check report, click here:
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Brokercheck®️ report
Information about this broker was obtained from FINRA’s BrokerCheck on March 4, 2020. You should always review the broker’s BrokerCheck report for updated information. If you believe some of the content on this page does not reflect the report, contact us.
Donald Fowler Client?
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Prior to Worden Capital Management, Donald Fowler had been registered with J.D. Nicholas & Associates, and American Capital Partners. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
FREE Consultation | 585-310-5140
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf Carr Kane & Conway is currently investigating Donald Fowler’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140
