July 2016-Chicago, Illinois
The FINRA records of George E. Johnson , a former stockbroker who was last employed by Newport Coast Securities , disclose 3 final regulatory events, 6 prior customer disputes and 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 February 2016 Johnson was permanently barred from the securities industry by FINRA who had named him in a complaint alleging that he manipulated the market for a common stock by soliciting certain customers to sell the stock at increasingly higher and artificially inflated prices, frequently effecting matched orders among his own customers. FINRA Case#2013035533701.
In currently pending FINRA Case 15-02391, a customer of Garden State Securities and Meyers Associates alleges damages of $2.6 million for unsuitability.
Johnson was employed by Newport Coast Securities from 4/2013-2/2016, by Meyers Associates from 11/2011-5/2013 and by Anderson & Strudwick from 7/2010-12/2011.
Investors who suffered losses in an account handled by George E. Johnson , may be entitled to recover damages from his former employer 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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