Advisor Alert: Our Attorneys Are Investigating Joseph Henry Johnson For Investment Fraud
Did You Lose Money Because of Joseph Johnson?
Filed: February 19, 2024
Joseph Johnson currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) regulatory event, two (2) termination events, and three (3) customer complaints. 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 Joseph Henry Johnson.
Who Is Joseph Henry Johnson of Vanderbilt Securities, LLC and Vanderbilt Advisory Services?
- Advisor Name: Joseph Henry Johnson
- Aliases: Joseph Johnson
- CRD: 1312422
- Location: Woodbury, New York
- Current Employer: Vanderbilt Securities, LLC and Vanderbilt Advisory Services
- Previous Firms: Princor Financial Services Corporation, Granite Securities, LLC, and Raymond James Financial Services, Inc.
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 2
- Can Joseph Johnson Be Sued: Yes, in Private Arbitration
- Can Joseph Johnson’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $300,000
- Highest Settlement: $170,000
If you have suffered investment losses by Joseph Johnson, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Joseph Johnson For Broker Misconduct
As of this publication date, Joseph Johnson has been the subject of 1 regulatory event, 2 termination events, and 3 customer disputes. Let’s review them below.
In May 2023, a FINRA arbitration was filed against or in reference to Joseph Johnson by a customer of Vanderbilt Securities, LLC alleging unsuitable and excessive trading in brokerage accounts for the period of 2011-2022. Per the customer, he/she lost over $300,000 because of Mr. Johnson’s actions. As of this publication date, this claim remains pending.
In April 2013, FINRA initiated a regulatory action against or in reference to Joseph Johnson for allegedly engaging in unsuitable short-term trading and switching of municipal bond closed-ended funds in a joint brokerage account of customers.
In February 2011, Princor Financial Services Corporation terminated Joseph Johnson for potential patterns of switching and/or excessive trading.
In September 2010, a complaint was filed against or in reference to Joseph Johnson by a customer of Princor Financial Services Corporation alleging churning from 2007-2010. On August 3, 2011, Mr. Johnson settled the claim for $26,437.26, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.
In February 2004, Raymond James Financial Services, Inc. terminated Joseph Johnson for failure to follow industry and firm rules in regards to client suitability.
In August 2003, a NASD arbitration was filed against or in reference to Joseph Johnson by a customer of Raymond James Financial Services, Inc. alleging suitability, mutual fund switching, churning, failure to supervise, fraud, breach of fiduciary duty, respondeat superior, and negligence. Per the customer, he/she lost over $215,000 because of Mr. Johnson’s actions. On December 16, 2004, Mr. Johnson settled the claim for $170,000, 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 Joseph Johnson of Vanderbilt Securities, LLC and Vanderbilt Advisory Services (previously with Princor Financial Services Corporation, Granite Securities, LLC, and Raymond James Financial Services, Inc.) To Get Your Money Back
If you have questions about Joseph Johnson, Vanderbilt Securities, LLC, Vanderbilt Advisory Services, Princor Financial Services Corporation, Granite Securities, LLC, Raymond James Financial Services, 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.