DOUGLAS MICHAEL ROWAN is currently employed as a Broker and/or Investment Adviser at CETERA ADVISOR NETWORKS LLC located at 15141 E. WHITTIER BLVD., SUITE 550, WHITTIER, CA, 90603.
DOUGLAS MICHAEL ROWAN has worked at CETERA ADVISOR NETWORKS LLC since July 23, 1986
Disclosure History
DOUGLAS MICHAEL ROWAN has 2 Disclosure Event(s).
Date: July 19, 2004 Category: Customer Dispute Allegations: CLIENT REQUESTS RESTITUTION FOR INVESTMENT THAT LOST VALUE. ON JUNE 13 OF 2000, CLIENT INFORMED ME ON THEIR NEW ACCOUNT FORM THAT THEIR OBJECTIVES ARE LONG TERM GROWTH AND TAX DEFERRAL. CLIENT OPENED HARTFORD CAPITAL MANAGER ANNUITY PUTTING $102,000.00 IN A MONEY MARKET PORTION, $96,000.00 DIVIDED INTO FOUR PUTNAM MUTUAL FUNDS WITHIN THE ANNUITY AND $102,000.00 IN A DOLLAR COST AVERAGING PROGRAM TO THE PUTNAM MUTUAL FUNDS WITHIN THE ANNUITY. SINCE THE DATE THEY INVESTED, THE MAJOR MARKET INDICES ARE STILL NEGATIVE. THE STRATEGY TAKEN WERE SUITABLE FOR THEIR OBJECTIVES AND SINCE CLIENT INFORMED ME THEIR INCOME WAS IN EXCESS OF $150,000.00 AND NET WORTH OF OVER $1,000,000.00, THE STRATEGY WAS ALSO SUITABLE FOR THEIR FINANCIAL POSITION. Damage Amount Requested: $91,325.00
Date: January 16, 2003 Category: Customer Dispute Allegations: CLIENT ALLEGES SHE GAVE INSTRUCTIONS TO REDEEM HER ACCOUNT IN JAN. 2001. REP WAS NOT GIVEN INSTRUCTIONS TO SELL ANY CLIENT'S ASSETS UNTIL APRIL 2001, AT WHICH TIME ACCOUNTS WERE LIQUIDATED. SHORTLY THEREAFTER, THE CLIENT WITHDREW HER ASSETS AND THE ACOUNTS WERE CLOSED. Damage Amount Requested: $130,000.00
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