July 1, 2021 – An AWC was issued in which Bowman was fined $10,000 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, Bowman consented to the sanctions and to the entry of findings that he engaged in an unsuitable pattern of early rollovers of unit investment trusts (UITs). The findings stated that, on certain occasions, Bowman recommended that his customers roll over a UIT before its maturity date to purchase a subsequent series of the same UIT that generally had the same or similar investment objectives and strategies as the prior series. Bowman’s recommendations caused his customers to incur unnecessary sales charges and were unsuitable in view of the frequency and cost of the transactions. 14 Disciplinary and Other FINRA Actions September 2021 Bowman’s customers received reimbursement of these excess sales charges from his member firm in connection with FINRA’s separate settlement with the firm. The suspension is in effect from August 2, 2021, through November 1, 2021. (FINRA Case #2018056858102)