FINRA recently announced that Reed Theodore Johnson, of Cuso Financial Services, L.P., has been fined $7,500 and suspended from association with any FINRA member in any principal capacity for 10 business days (the suspension was effective from April 19, 2010 through April 30, 2010). Without admitting or denying the findings, Johnson consented to the described sanctions and to the entry of findings that he was the registered principal at his member firm responsible for reviewing and approving transactions a registered representative effected. The findings further stated that the registered representative recommended and effected unsuitable purchases in customers’ accounts and Johnson failed to exercise reasonable supervision over the registered representative by approving the unsuitable purchases.
According to his FINRA Broker Report (CRD), prior to working at Cuso Financial Services, Reed Johnson was a registered representative with Spelman & Co., Inc, Sunamerica Securities, Inc., and Sentra Securities Corporation.
If you have questions regarding investments you made with Cuso Financial Services, L.P., or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. The firm has over 30 years of experience reviewing securities fraud claims and handles matters throughout the country and California, including reviewing securities fraud cases in San Diego, Coronado, Huntington Beach, Long Beach, Orange County, Los Angeles, Beverly Hills, Malibu, Mission Viejo, and Anaheim. To contact the firm, please call 312-238-9650. Or, for more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.
Tags: Cuso Financial Servies, Dax White, FINRA, Inc., investigation, L.P. Reed Theodore Johnson, San Diego, Securities Attorney, Securities Fraud, Sentra Securities Corporation, Spelman & Co., Sunamerica Securiries