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Roger Bowlin of Concorde Investment Services Faces Allegations for Sales of REITs and Non-Traded Investments
Have you lost money with financial advisor Roger Bowlin, formerly with Concorde Investment Services in Mercer Island, Washington? This advisor has been alleged to have sold alternative investments to his clients, which often are investment products that are not traded on a public exchange like NYSE and NASDAQ. In particular, he allegedly recommended that his customers invest in non-traded REITs (real estate investment trusts).
The attorneys at Israels & Neuman have talked with former clients of Roger Bowlin who feel they may have lost money, and there may be options for recovery.
REITs are investments in pools of real estate, which attempt to diversify the investors’ holdings. While investors can buy publicly traded REITs, which are generally available to be bought and sold on a stock exchange, he recommended the purchase of non-traded REITs. The non-traded REITs often have high fees, commissions, and expenses, sometimes totaling between 15% and 20% of the investors’ funds. This makes it difficult for the REIT to remain profitable over the long-term, and in some instances, the REIT can lose a lot of money.
Bowlin is also believed to have sold other non-traded investments like BREX Parker, Blue Owl Real Estate Exchange, CX Heritage, and Vintage DST.
Roger Bowlin’s Background
Roger Bowlin was licensed with Concorde Investment Services from May 2016 to April 2021 in a Mercer Island, Washington office. He has been with Aurora Securities from April 2021 to the present in a Kirkland, Washington office, and was also previously registered with Independent Financial Group in Issaquah.
Can Concorde Investment Services be Liable?
FINRA provides numerous rules and regulations governing the securities brokerage industry. A brokerage firm must sufficiently monitor the conduct of its financial advisors like Roger Bowlin. The firm can be responsible for investor losses if it failed to adequately supervise the broker’s conduct. We regularly represent investors in FINRA arbitration who have been wronged by their financial advisors and stockbrokers.
How Israels & Neuman Can Help You Recover Money
Our firm has recovered millions of dollars for wronged investors across the country. We have brought claims against a wide range of brokerage firms.
We offer free case evaluations, and if we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you.
See Roger Bowlin’s BrokerCheck here
Contact Us for a Free Consultation
If you lost money investing with Roger Bowlin or Concorde Investment Services, you may be entitled to compensation. Attorney Dave Neuman is licensed in Washington and we have offices in Seattle. Contact Israels & Neuman, PLC today for a confidential and no-obligation review of your situation.