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Investor Alleges Alan Johnson Failed to Follow Instructions

Alan Johnson (CRD #: 1776563), a broker registered with Vanguard Marketing Corporation, allegedly failed to follow an investor’s instructions, according to his BrokerCheck record, accessed on September 12, 2022. Investors may have also worked with him through Vanguard Advisers. Read on if you have questions about his conduct as a broker.

Investor Dispute

On June 1, 2022, an investor alleged that Alan Johnson failed to follow written instructions to keep incoming funds liquid to use as a down payment on a home. Instead, he allegedly reinvested the funds. This dispute was settled for $64,253.34.

FINRA Rule 2010

Failure to follow a client’s instructions violates FINRA Rule 2010, which requires brokers to uphold high standards of commercial honor and ethical conduct.

Background Information

Alan Johnson has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Alan Johnson is a registered broker in Arizona and South Carolina and a registered investment adviser in Arizona and Texas.

He has also worked for the following firms:

  • Dividend Assets Capital (CRD#:129973)
  • Fifth Third Securities (CRD#:628)
  • Banc One Securities Corporation (CRD#:16999)
  • Salomon Smith Barney (CRD#:7059)
  • Lehman Brothers (CRD#:7506)

Kurta Law Can Help

If you worked with Alan Johnson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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