Regulators Bar James Allen Bowman after Investigation
Former Edward Jones broker James Allen Bowman (CRD#: 4469446), who spent 22 years at the firm before being fired in October, has reportedly accepted an industry bar rather than cooperate with a Financial Industry Regulatory Authority (FINRA) investigation. The investigation reportedly focused on allegations that he reimbursed clients for losses in their accounts. His alleged refusal to testify led to an automatic bar under FINRA rules.
Edward Jones reportedly terminated Bowman over the alleged reimbursements. He reportedly agreed to the bar without admitting or denying the allegations and has not registered with another firm since his termination.
According to his FINRA BrokerCheck profile, Bowman was reportedly registered with Edward Jones in Columbia, MO from 01/01/2002 until 11/15/2024.
Broker Misconduct and Failure to Supervise
Broker misconduct occurs when financial advisors engage in unethical or fraudulent practices, such as misrepresenting investments, unauthorized trading, or misusing client funds. FINRA-registered broker-dealers have a duty to supervise their brokers to prevent such misconduct.
If the firm fails to supervise its brokers properly, it can be held liable through FINRA arbitration. Investors who suffer losses due to a broker’s misconduct can file a claim against both the broker and the firm, alleging failure to supervise. If a firm neglects this duty, it may be ordered to compensate the affected investor through an arbitration award.
Class Action Lawsuit vs. Individual FINRA Arbitration Lawsuit
You may wonder whether a large class action lawsuit is a better litigation option than an individual FINRA arbitration case. The answer depends on many factors, but typically if the loss sustained is large (say larger than $100,000), an individual arbitration claim is likely a better option. Class actions as a recovery option are more appropriate for grouping large numbers of individuals who have small claims – too small to generally pursue individually.
Recovery of Investment Losses
If you have suffered investment losses with James Allen Bowman and Edward Jones, the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We take cases in all 50 states including Missouri.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
Last modified: March 17, 2025
