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Bowman Nicholson is the Subject of a GWG L Bond Dispute

Bowman Nicholson (CRD #: 6050450), a broker registered with Capital Investment Group, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 4, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On September 12, 2024, an investor alleged that Bowman Nicholson violated state securities statutes and his fiduciary duty with his recommendation of GWG L Bonds. GWG Holdings filed for bankruptcy in 2022. 

The investor is seeking $100,000. 

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Bowman Nicholson has passed the following exams:

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 15 states and is a registered investment adviser in North Carolina. 

During his 12 years of experience, Bowman Nicholson has registered with three firms: 

  • Capital Investment Group (CRD #: 14752) 
  • Capital Investment Advisory (CRD #: 149124) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help 

If you worked with Bowman Nicholson and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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