Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Cowper (Cowper), currently associated with Sofi Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cowper recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $3,840.00 on June 12, 2024.
On 4/19/2024, the claimant’s savings account was compromised and $120.00 was misappropriated by a bad actor. His investment account was compromised on 4/23/2024, and $1600.00 was misappropriated by a bad actor. Also on 4/23/2024, the claimant’s brokerage account was used to purchase Nvidia stock. The claimant did not agree with SoFi’s handling of his fraud claims. The claimant was seeking restitution and damages in the amount of $3820. The registered representative had limited interaction with the claimant for account service purposes only, and was not involved in the account activity in question or the subsequent investigation process.