Advisor Alert: Our Attorneys Are Investigating Bruce Edward Johnson For Investment Fraud
Did You Lose Money Because of Bruce Johnson?
Filed: February 27, 2024
Bruce Johnson has been the subject of two (2) customer complaints and one (1) judgment/lien event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Bruce Edward Johnson.
Who Is Bruce Edward Johnson of Portsmouth Financial Services?
- Advisor Name: Bruce Edward Johnson
- Aliases: Bruce Johnson
- CRD: 1126862
- Location: San Francisco, California
- Current Employer: Portsmouth Financial Services
- Previous Firms: Robert Van Securities, Inc., Passport Securities, Inc., and Pacific Genesis Group, Inc.
- Number of Known Customer Complaints: 2
- Number of Known Judgment/Lien Events: 1
- Can Bruce Johnson Be Sued: Yes, in Private Arbitration
- Can Bruce Johnson’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $25,000
- Highest Settlement: $15,000
If you have suffered investment losses by Bruce Johnson, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Bruce Johnson For Broker Misconduct
As of this publication date, Bruce Johnson has been the subject of 2 customer disputes and 1 judgment/lien event. Let’s review them below.
In February 2024, Bruce Johnson was the subject of a civil judgment or lien in the amount of $23,757. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In October 2022, a FINRA arbitration was filed against or in reference to Bruce Johnson by multiple customers of Portsmouth Financial Services alleging that Mr. Johnson misrepresented or omitted that Bonds were high-risk, speculative and could result in a total loss of principal. Additional claims include that the firm failed to adequately disclose material changes to GWG’s business model in 2018, and that the firm’s due diligence was inadequate. On June 9, 2023, Mr. Johnson settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.
In November 2022, a complaint was filed against or in reference to Bruce Johnson by a customer of Robert Van Securities, Inc. alleging lack of suitability and misrepresentation in the purchase of a $25,000 municipal bond. Per the customer, he/she lost over $25,000 because of Mr. Johnson’s actions. On August 25, 2003, Mr. Johnson settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.
How To File A Claim Against Bruce Johnson of Portsmouth Financial Services (previously with Robert Van Securities, Inc., Passport Securities, Inc., and Pacific Genesis Group, Inc.) To Get Your Money Back
If you have questions about Bruce Johnson, Portsmouth Financial Services, Robert Van Securities, Inc., Passport Securities, Inc., Pacific Genesis Group, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.