Investor Alleges Jamie Nowakowski Recommended Unsuitable Investments

Jamie Nowakowski (CRD #: 4472043), a broker registered with Equitable Advisors, allegedly failed to conduct due diligence, according to her BrokerCheck record, accessed on August 6, 2022. Investors may have also engaged her services through Advanced Wealth Services. Read on if you have questions about her conduct as a broker.

Investor Dispute

On May 25, 2022, an investor alleged that Jamie Nowakowski made unsuitable investment recommendations and failed to perform due diligence with regard to GWG investments. The client seeks $100,000 in damages in this pending dispute.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile describes their tax status, age, and other relevant information that investors must use when making recommendations.

Regulation Best Interest (Reg-BI) was adopted by the Securities and Exchange Commission to extend the requirements of FINRA Rule 2111. Brokerage firms must perform reasonable diligence to find comparable investments that may come with less risk and disclose any potential conflicts of interest. 

Background Information

Jamie Nowakowski has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 24 – General Securities Principal Examination
• Series 26 – Investment Company Products/Variable Contracts Principal Examination 

Jamie Nowakowski is a registered broker in 11 states and a registered investment adviser in nine states.

She has also worked for the following firms:

• Coastal Equities (CRD#:23769)
• Coastal Investment Advisors (CRD#:134952)
• Wells Fargo Advisors Financial Network (CRD#:11025)
• CCO Investment Services (CRD#:39550)
• IFMG Securities (CRD#:14416)
• Banc of America Investment Services (CRD#:16361)
• Quick & Reilly (CRD#:11217)

Kurta Law Can Help

If you worked with Jamie Nowakowski and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.