Thomas Edward Gackle (Thomas Gackle) Permitted to Resign from Lowell & Company, Inc. and Barred from Securities Industry – Goodman & Nekvasil P.A., May Recover Investor Losses

Goodman & Nekvasil P.A., May Recover Investor Losses- Thomas Edward Gackle (Thomas Gackle) Permitted to Resign from Lowell & Company, Inc. and Barred from Securities Industry

From 2006 until Thomas Gackle’s resignation in 2015, Thomas Gackle was licensed with Lowell & Company, Inc. According to FINRA’s records, Thomas Gackle was permitted to resign from Lowell & Company, Inc. on April 30, 2015. Lowell & Company, Inc. reported to FINRA that Thomas Gackle’s resignation related to allegations that Thomas Gackle failed to disclose material events either prior to association with Lowell & Company, Inc. or subsequent to Thomas Gackle’s hiring. Lowell & Company, Inc. reported to FINRA that Lowell & Company, Inc. was given a copy of an order issued by the Kansas Bar, detailing Thomas Gackle’s indefinite suspension from practicing law in the State of Kansas. Lowell & Company, Inc. reported to FINRA that based on that information, it appears that Thomas Gackle failed to truthfully answer yes on U-4 question 14F. Additionally, Lowell & Company, Inc. reported to FINRA that it is possible Thomas Gackle did not answer yes to questions 14A.1(A) & (B) also, and may have had to respond with a yes to those questions as well.

Subsequent to Thomas Gackle’s resignation from Lowell & Company, Inc., FINRA investigated Thomas Gackle and brought a disciplinary action against Thomas Gackle. Thomas Gackle was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on July 20, 2016. FINRA reports that Thomas Gackle consented to the sanction, and to the entry of findings that Thomas Gackle refused to appear for FINRA-requested-on-the-record testimony during the course of an investigation into Thomas Gackle’s failure to disclose to Lowell & Company, Inc. and on Thomas Gackle’s Form U4 that Thomas Gackle had been suspended from the practice of law by the States of Missouri and Kansas.

FINRA also reports that an arbitration claim was filed involving Thomas Gackle’s conduct with Lowell & Company, Inc., alleging that Thomas Gackle sold a client a non-traded REIT, and that the client did not have the $100,000 of income that Thomas Gackle stated on the suitability form. This arbitration claim settled for $750,000.

If you lost any money on investments with Thomas Gackle while Thomas Gackle was employed with Lowell & Company, Inc. you may be able to recover your losses from Lowell & Company, Inc. This is because Lowell & Company, Inc. had a duty to supervise Thomas Gackle.  

If you lost money on investments with Thomas Gackle and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Lowell & Company, Inc. concerning Thomas Gackle’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Thomas Gackle and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.  

 

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