Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joel Johnson (Johnson), previously associated with Silver Oak Securities, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Johnson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on November 02, 2023.
Claimant states, “The nature of the investment products, the concentration issue, the unsuitability, heighted supervision required, and the risks associated with the illiquidity, lack of transparency, and high-commission product – disguised and misrepresented as a suitable investment strategy – were all on Respondent and FA Johnson. But for their recommendations and negligent misrepresentations and omissions of material facts, Claimant would not have incurred the unnecessary losses and damages in this case.”