Last Updated: July 2025 — St. Augustine, FL
Here’s what you need to know about St. Augustine, FL stockbroker Cary Joel Cowan Sr.:
- Name: Cary Joel Cowan Sr.
- CRD Number: 601492
- Current Employers: Arch Global Advisors, LLC and Cadaret, Grant & Co., Inc.
- DBA: Cowan Financial Group, Lifetime Financial Strategies
- Function: Stockbroker / Financial Advisor
- Previously Registered With: NEXT Financial Group, Inc.; Walnut Street Securities, Inc.; IFG Network Securities, Inc.; Comprehensive Financial Services, Inc.; W. S. Griffith & Co., Inc.; Home Life Insurance Company; Massachusetts Mutual Life Insurance Company; The Equitable Life Assurance Society of the United States
- Can Cary Cowan Sr. be sued in FINRA arbitration? Yes
- Highest Award or Settlement: $72,474
If you’ve sustained damages from Mr. Cowan, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Cary Joel Cowan Sr. As Your Stockbroker?
In a settled customer dispute, a client of NEXT Financial Group, Inc. alleged that Mr. Cowan failed to properly identify excess annual withdrawals from a variable annuity, resulting in an unexpected reduction of the guaranteed benefit payment. The complaint, settled for $72,474 in February 2024.
An earlier dispute, received in October 2005, alleged misrepresentation regarding free withdrawals from a Hartford variable annuity. The customer claimed $63,000 in damages; however, the matter was ultimately closed with no action, and the broker’s statement denied any wrongdoing, indicating the product’s features were fully discussed.
See this for our prior investigations of cases involving Annuities
Allegations of Broker Misconduct Against Cary Joel Cowan Sr.
- Failure to identify excess annual withdrawals in a variable annuity, resulting in reduced benefits.
- Alleged misrepresentation about free withdrawals from annuity products.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Next Financial Group brokers
If you have suffered investment losses in an account handled by Cary Joel Cowan Sr., contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.