Derek Johnson Investigation
May 2022-Brea, CA
According to publicly available records, Derek Michael Johnson, a former J.P. Morgan broker discloses a pending customer dispute.
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 12/2021, FINRA case #21-03006 was filed by a customer of J.P. Morgan Securities alleging that Johnson recommended an unsuitable investment strategy causing losses of $3 million. This case is currently pending.
Johnson was employed by J.P. Morgan from 1/2012-6/2020. He has been employed by Morgan Stanley Smith Barney since 6/2020.
If you had an account with Derek Johnson that suffered losses, you may be entitled to collect damages from his employer. Call to discuss your options.
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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