In 15 years from 1985-2000 the CEO of SNMN(Troy Lowman) worked for 8 different firms,of which 6 were for only one year which resulted in sanctions against both he and the respected firm(s) he once worked for.Resulting in him getting his broker license suspended.
That certainly explains the integrity and character of this lifelong conman.
Initiated By
NASD
Allegations
RESPONDENT FAILED TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO AN NASD REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.
Resolution
Other
Sanctions
Suspension
Sanction Details
NASD REGISTRATION SUSPENDED MARCH 23, 2005 FOR FAILING TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR PAY FEES IN ARBITRATION CASE #02-03055 OR TO SATISFACTORILY RESPOND TO AN NASD REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.
11/22/1994
Customer Dispute
Award / Judgment
Allegations
CLAIMANT ALLEGED THAT HIS INVESTMENT
OBJECTIVE WAS MARKED GROWTH AND CERTAIN I NVESTMENTS WERE
UNSUITABLE. ALSO, CLIAMED THAT RR FAILED TO DISCLOSE MATERIAL
FACTS WITH RESPECT TO CERTAIN INVESTMENTS. FURTHER CLAIMS
INCLUDE EXCESSIVE TRADING,SALES BY UNLICENSED
REPRESENTATIVE,SELLING AT A PRICE LOWER THATN THE REPORTED LOW
PRICE FOR DAY AND UNAUTHORIZED TRADING.
Damage Amount Requested
$22,653.00
Damages Granted
$10,462.10
Broker Comment
RESPONDENTS LOWMAN & COHIG & ASSOC. JOINTLY AND
SEVERALLY LIABLE FOR THE SUM O F $10,462.10
Not Provided
Arbitration Details
3/24/1993
Customer Dispute
Award / Judgment
Allegations
MR. LIFKA CHARGED THAT HE WAS NOT SERVICED
PROPERLY BY J.W. GANT & BROKER. UNAUTHORIZED TRADING. ALLEGED
DAMAGES OF $3,700.
Damage Amount Requested
$3,700.00
Damages Granted
$3,275.00
Broker Comment
CLAIMANT WAS AWARDED $3,275.00
Not Provided
