Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Swon (Swon), previously associated with Royal Alliance Associates, INC., has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Swon recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on January 30, 2023.
Swon used fraudulent and dishonest practices and demonstrated untrustworthiness by (a) fabricating twelve investment account statements, and (b) misappropriating more than $100,000 from a nonprofit organization.