Neither Rowe nor his attorney were available for comment.
Rowe, who once was an invited speaker at retirement planning workshops and a guest lecturer in finance classes at
Patil’s nine-page decision paints a picture of an unrepentant Rowe who “claims he is a victim of a corrupt state government and clients who supposedly perjured themselves to inculpate him.”
“After analyzing the public interest factors … I have determined that it is appropriate and in the public interest to bar Rowe from participation in the securities industry to the fullest extent possible,” Patil writes in his order.
Two elderly widows lost more than
Patil called Rowe’s actions “egregious” and wrote that Rowe was “largely responsible for more than
Rowe has said he will ask the courts to vacate the consent decree with the state, which set the stage for the
“He continues to deny all responsibility,” wrote Patil. “Rowe places the blame on everyone but himself. He reputedly claims that his former clients are perjurers and liars, and that the bureau staff is corrupt or inept … Even today, he fails to recognize the unsuitability of his trading strategies and claims that these strategies were less risky than the market as a whole.”
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