Fowler submitted a Letter of Acceptance,Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Fowler consented to the described sanction and to the entry of findings that he misused insurance customers’ funds totaling approximately $44,000 that were provided to him to cover the entire policy term. The findings stated that Fowler only applied a portion of the monies toward the customers’ annual premiums, used the remainder of the funds for his own personal benefit and paid the insurance premium balances at a later date. The findings also stated that the customers neither consented to, nor knew of, Fowler’s use of their funds.

(FINRA Case #2008013855201)