December 2016-Hunt Valley, MD
The FINRA records of John Scott Simpson, a stockbroker who formerly worked for RBC Capital Markets, was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Simpson’s FINRA record discloses a pending customer dispute which seeks damages of $11 million for unsuitable energy and metals sector losses and 5 prior customer disputes as well as two terminations from employment.
Simpson consented to the FINRA sanction barring him from the industry and to the entry of findings that he refused to appear for on the record testimony as requested by FINRA in connection with an investigation regarding the use of discretion in client accounts.
Simpson was employed by RBC Capital Markets from 2009-2016. Prior to that he was employed by Ferris, Baker, Watts.
If you have losses in an account in an account handled by John Simpson , contact us to discuss how you may be able to recover damages for those losses.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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