FINRA

Respondent Owen failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

7/22/2016

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated April 19, 2016 and May 13, 2016, respectively, on July 22, 2016, Owen is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.

Client alleges representative defrauded him due to the decline in value of his account over a five week period.

$11,000.00

$10,657.05

INVEST FINANCIAL CORPORATION

Discharged

Rep utilized unapproved e-mail address. Also placed A-share mutual fund liquidations after the client had held the funds a short time. In addition, Mr. Owen acknowledged participation in unapproved activities away from the Firm, including assisting a client with a Charitable Gift Annuity and a Charitable Remainder Trust.

ILLINOIS

RESPONDENTS REGISTRATION AS A SALWSPERSON IN THE STATE OF ILLINOIS IS SUBJECT TOREVOKED PURSUANT TO SECTON 8.E(L)(J) OF THE ILLINOIS SECURITIES LAW

Consent

FINRA

NASD RULES 2110, 2370 - RESPONDENT BORROWED $12,000 FROM A PUBLIC CUSTOMER OF HIS MEMBER FIRM IN CONTRAVENTION OF HIS FIRM'S WRITTEN PROCEDURES PROHIBITING ITS REGISTERED REPRESENTATIVES FROM BORROWING MONEY FROM CUSTOMERS.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

Suspension

WITHOUT ADMITTING OR DENYING THE FINDINGS, OWEN CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE, HE IS FINED $5,000 AND SUSPENDED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY FOR 10 BUSINESS DAYS. THE SUSPENSION IN ANY CAPACITY IS IN EFFECT FROM JANUARY 7, 2008, THROUGH JANUARY 18, 2008. FINES PAID ON 12/13/2007.

FOR THIRTY YEARS (10 YEARS PRIOR TO MY SECURITIES LICENSING)A VERY SUPPORTIVE COUPLE ASSISTED ME BY OFFERING SHORT TERM LOANS. ALL LOANS WERE PROMPTLY REPAID-THERE WAS NO DETRIMENT ECVER. I NEVER THOUGHT TO GIVE BROKER DEALER APPROVAL

CLIENT, THROUGH THEIR ATTORNEY, ALLEGES FINANCIAL ADVISOR BORROWED $5000 IN JANUARY OF 2006 AND HAS NOT BEEN REPAID.

$5,000.00

I AM IN RECEIPT OF A LETTER DATED AUGUST 16, 2006 WHERE IN ATTORNEY [ATTORNEY] ACKNOWLEDGED FULL PAYMENT OF SAID LOAN OF $5000.00