November 20, 2019 Comments Off on Luke M. Johnson Broker Investigation Current Investigations

Luke M. Johnson Broker Investigation

Luke M. Johnson Broker Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Financial Advisor Luke M. Johnson, Coastal Equities in Scottsdale, AZ

Are you concerned about investments with Luke M. Johnson in Scottsdale, AZ? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority (FINRA), Luke M. Johnson has recently been the subject of 3 pending customer complaints for allegations of unsuitable investments.

On September 6, 2019, a customer reportedly filed a complaint alleging that “Mr. Johnson made an unsuitable recommendation of one product in approximately 2015.” His broker report reflects that Johnson denies the allegations and the claim is purportedly still pending.

On August 30, a customer reportedly filed a complaint for allegations that the “management of the portfolio was negligent and that certain investments made between January 2015 and the present were unsuitable.” Once again the broker-report indicates that Johnson denied the allegations and the complaint is listed as still reportedly pending.

On June 4, 2019, a customer reportedly filed a complaint requesting damages of $750,000 for allegations that “in 2017-2018, the firm made misrepresentations and omissions of fact to claimants in soliciting the sale of certain private placement investments.” Claimants allegations were again denied, according to the broker’s comment section of Johnson’s broker profile. The claim is still reportedly pending.

According to his FINRA BrokerCheck report, Johnson has reportedly been affiliated with Coastal Equities in Scottsdale, AZ since 2012.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Johnson’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Arizona. Our attorneys have recovered tens of millions of dollars from multitude of brokerage firms in the past.

If you are concerned about your investments with Luke M. Johnson, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.

 

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