As a financial analyst and writer, I’ve learned that navigating the investment landscape requires adherence to ethical standards designed to protect public trust. Today, I want to talk about Cary Cowan (CRD #: 601492), a broker registered with Cadaret, Grant & Co. Cowan’s career can be viewed openly on BrokerCheck as of January 5, 2023, which is a valuable transparency feature offered by the financial industry.
The Allegation in Question
On October 30, 2023, an investor shed light on an unnerving situation. They alleged a reduction in their guaranteed benefit payment, a problem supposedly stemming from Cary Cowan’s failure to adequately disclose excess annual withdrawals. These sorts of details are vital, and their omission has led to a notable dispute.
The Rule Allegedly Broken
Let’s dive into the rulebook. The Financial Industry Regulatory Authority (FINRA) enforces Rule 2010, a fundamental rule that demands high standards of commercial conduct. Brokers must work within fair and equitable trade principles. By not disclosing these extra withdrawals, Cowan is now allegedly at odds with this essential rule.
A Close Look at Cary Cowan
Cary Cowan is seasoned in the financial field. His resume includes passing the Series 63, Series 82TO, and Series 7TO exams, as well as the crucial SIE – Securities Industry Essentials Examination, among others. Cowan is licensed to operate as a broker in 26 states and is also a registered investment adviser in Florida and Texas.
His impressive five-decade-long journey has seen him at the helm in numerous firms, which includes Cadaret, Grant & Co., Arch Global Advisors, and Next Financial Group. With a vast amount of experience in the industry, his background speaks for itself.
As Warren Buffett wisely said, “It takes 20 years to build a reputation and five minutes to ruin it.” This is especially true in finance, where trust is the currency of relationships. If you’ve worked with Cary Cowan and have concerns regarding your investments, remember that it is your right to seek professional advice. Remember to investigate whether your advisors have a history of infractions, as a shocking financial fact is that around 7% of financial advisors have been disciplined for misconduct of some sort. Do not let suspicions of securities fraud or misconduct go without scrutiny. The sphere of finance is ever-evolving, with regulations and public accountability at its core, and you should never disregard the opportunity to secure your rightful investments.
If you feel you require guidance on matters related to Cary Cowan or your investments, consider reaching out for professional support. Ensuring your investments is well handled is vital—your future deserves that security.
