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Written by 11:30 pm Blog, Securities Fraud Articles

Steven Dale Fowler barred from FINRA

FINRA recently announced that Steven Dale Fowler, formerly of American Family Securities, LLC in Parker, Colorado, has been barred from association with any FINRA member in any capacity.

Without admitting or denying the findings, Fowler consented to findings that he misused insurance customers’ funds totaling approximately $44,000 that were provided to him to cover the entire policy term of the insurance product purchased by the investor. The findings further stated that Steven Fowler only applied a portion of the monies toward the customers’ annual premiums, used the remainder of the funds for his own personal benefit and paid the insurance premium balances at a later date. Finally, the findings stated that the customers neither consented to, nor knew of, Fowler’s use of their funds.

Steven Dale Fowler was a registered financial advisor with American Family Securities, LLC in Parker, Colorado, from May 2001 through June 2008. American Family Securities, LLC is a FINRA registered broker-dealer based out of Madison, Wisconsin. It is unclear from Fowler’s FINRA Broker Report (CRD) whether he had been involved in any other instances of securities fraud while employed with American Family Securities, LLC before he was barred from the industry by FINRA.

If you have questions about investments you made with Steven Dale Fowler or American Family Securities, LLC, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, visit https://whitesecuritieslaw.com.

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