John Swon IV Investigation
November 2021- Bloomington, MN
The FINRA records of John Swon, IV , a former financial advisor who was last employed by Royal Alliance Associates, Inc., disclose a regulatory event, a customer dispute and a termination from employment.
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.
In 7/2021 in FINRA case#2021071153001 Swon consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation concerning allegations in a customer complaint that he misappropriated funds. The findings stated that this matter originated from a Form U5 that Swon’s member firm filed noting that he violated its policies regarding disclosure and approval of outside business activities. The sanctions ordered was that Swon was permanently barred in all capacities from FINRA.
In 4/2021, a Royal Alliance Associates/Focus Financial customer alleged that Swon “misappropriated or otherwise mismanaged funds entrusted to him” as an investment advisory representative. Alleged damages are $110,000 and the case is still pending.
In April 2021 Swon was discharged from employment with Focus Financial/Royal Alliance Associates, Inc. after allegations that he violated the firm’s policies regarding disclosure and approval of outside business activities.
John Swon, IV was with Royal Alliance Associates/Focus Financial from 10/2012-until April 2021. He was registered with Eagle Strategies, New York Life and NYLife Securities before that time.
If you have losses in an account handled by Henry Swon IV contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
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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