Erez Law is interested in speaking with investors who may have suffered losses due to investments with Allegis Investment Services, LLC financial advisor Heath Bowen (CRD# 4824684). Bowen has been registered with Allegis Investment Services, LLC in Idaho Falls, Idaho since 2014.
In June 2017, the Colorado Division of Securities sanctioned Bowen to a cease and desist following allegations regarding “Commissioner alleges that Heath placed advisory clients in high risk complex options strategy that the clients did not understand.”
Bowen has been the subject of four customer complaints between 2017 and 2018, according to his CRD report:
- March 2018. “Client alleges that the options strategy implemented in the discretionary account was unsuitable and a trade in August 2015 caused a loss in the account.” The customer is seeking $121,672 in damages and the case is currently pending.
- December 2017. “Client alleges that the options strategy implemented it he account was unsuitable and there were misrepresentations regarding the strategy. The strategy had a trade in Aug 2015 which resulted in loss to the client.” The customer is seeking $64,000 in damages and the case is currently pending.
- November 2017. “Bowen was named in a customer complaint that asserted the following causes of action: breach of contract; and fraud and deceit based on concealment.” The customer sought $587,500 and awarded $575,000 in compensatory damages plus 4% interest.
- September 2017. “Client alleges that the options strategy implemented it he account was unsuitable and there were misrepresentations regarding the strategy. The strategy had a trade in Aug 2015 which resulted in loss to the client.” The customer is seeking $456,529 in damages and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Allegis Investment Services, LLC may be liable for investment or other losses suffered by Bowen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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