{"id":1212,"date":"2013-03-14T17:17:03","date_gmt":"2013-03-14T17:17:03","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/03\/new_hampshire_investment_advis"},"modified":"2022-03-10T16:36:13","modified_gmt":"2022-03-10T22:36:13","slug":"new-hampshire-investment-advis","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/new-hampshire-investment-advis\/","title":{"rendered":"New Hampshire Investment Adviser Focus Capital Wealth Management Accused of Elder Financial Fraud to Pay Exchange Traded Fund Victims $2.4M"},"content":{"rendered":"

\t\t\t\tFocus Capital Wealth Management and its owner Nicholas Rowe are now barred from having a license to serve as either an investment adviser or a broker-dealer in New Hampshire. Rowe and his financial firm are accused of elder financial fraud. Per the settlement with the state, they must pay $2.4 million in client restitution.<\/p>\n

The Bureau of Securities Regulation acted against Rowe last year following complaints from clients claiming they’d lost significant amounts of money in risky investments of leveraged exchange-traded funds, which are also known as ETFs. According to the bureau, these investments are not for clients who have a low or medium tolerance for risk. Rowe also allegedly misrepresented his credentials and charged investors unreasonable fees, claiming that these were going to third parties with close Wall Street ties, when, actually, he was keeping part of that money.<\/p>\n

Rowe eventually consented to FINRA arbitration over claims filed by a number of his former clients, who alleged civil fraud and negligence. One of the arbitrator’s panels ruled against him for $1.8M in restitution. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Focus Capital Wealth Management and its owner Nicholas Rowe are now barred from having a license to serve as either an investment adviser or a broker-dealer in New Hampshire. Rowe and his financial firm are accused of elder financial fraud. Per the settlement with the state, they must pay $2.4 million in client restitution. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,4023,3781,3803],"tags":[],"class_list":["post-1212","post","type-post","status-publish","format-standard","hentry","category-broker-dealers","category-exchange-traded-funds","category-investment-advisers","category-senior-investors"],"yoast_head":"\nNew Hampshire Investment Adviser Focus Capital Wealth Management Accused of Elder Financial Fraud to Pay Exchange Traded Fund Victims $2.4M — Investor Lawyers Blog — March 14, 2013<\/title>\n<meta name=\"description\" content=\"Focus Capital Wealth Management and its owner Nicholas Rowe are now barred from having a license to serve as either an investment adviser or a — March 14, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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