John Dow Jr. Barred by FINRA after Allegations
According to public records on January 6th, 2025, The Financial Industry Regulatory Authority (FINRA) has reportedly barred John Dow Jr. (CRD# 2524415) from working as a broker after he failed to provide information in its investigation.
According to the document, FINRA was investigating allegations related to various non-Firm approved activities involving representative’s family member (also a client), including serving as an executor of the family member’s estate and activities regarding two outside checking accounts held with the family member.
Further, concerns with respect to alleged failure to timely disclose a lawsuit reportedly filed against the representative concerning his administration of the client’s estate.
According to a pending customer dispute filed on January 31, 2024, a customer alleges Dow “exploited his personal familial relationship with the client to take control of client’s assets in his role as power of attorney.”
FINRA Rule 2010
FINRA Rule 2010 Standards of Commercial Honor and Principles of Trade- says that broker-dealers must operate with the highest standards of commercial honor in their dealings with investors.
Firms that fail to supervise their advisors, can be held responsible for investment losses in a Financial Industry Regulatory Authority (FINRA) arbitration claim.
John Dow Jr. – FINRA Broker Check
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to his broker report, John Dow Jr. was reportedly registered with the following firms during his career, among others.
08/01/2012 – 05/21/2024 MORGAN STANLEY (CRD#:149777) STILLWATER, MN
10/31/1997 – 09/07/2012 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD#:7691) STILLWATER, MN
Conflicts of Interest
In the securities industry, fiduciary duty is typically owed by brokers to their clients. Brokers who owe fiduciary duty to their clients are required to act in the client’s best interest and to avoid conflicts of interest.
This means that a broker must put their clients’ interests ahead of their own and must disclose any potential conflicts of interest that could impact their ability to act in the client’s best interest. Following through on fiduciary duties helps ensure investors are protected from potential conflicts of interest. If an investor suffers investment losses with their broker due to conflicts of interest, they may be able to file a FINRA claim for recovery.
Free Consultation
If you have suffered investment losses with John Dow Jr., the securities attorneys at the White Law Group may be able to help you. Please call (888) 637-5510 for a free consultation.
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.
With more than 30 years of experience in securities law, The White Law Group has the knowledge and expertise to help investors recover losses resulting from securities fraud.
Last modified: January 10, 2025
