John Stephen Macgowan of New York, New York, a stockbroker formerly registered with Raymond James Financial Services, Inc., was fired on October 2, 2017, based upon accusations that he failed to mark order tickets in accordance with Raymond James procedures.

This is not the first time that Macgowan has been terminated from employment based upon allegations of misconduct. Particularly, FINRA Public Disclosure confirms that Macgowan was fired from previous employer, A.G. Edwards & Sons, Inc., based upon accusations that he entered into faulty cash transactions.

Additionally, a customer was awarded $29,884.00 in damages according to an investment related arbitration claim involving Macgowan’s misconduct, based upon findings that Macgowan breached his fiduciary duties and executed unsuitable mutual fund and equity transactions in the customer’s account between October 4, 2011 and November 30, 2015. The customer further alleged that Raymond James failed to supervise Macgowan’s activities in the customer’s account.

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