Eric Scott Johnson (CRD #5545450) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Eric Scott Johnson (CRD #5545450) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 12, 2026. It reflects one customer dispute. If you invested with Eric Johnson and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Eric Johnson’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On April 13, 2026, an estate alleged that Eric Johnson changed the account beneficiaries without permission. The matter is pending. The estate sought $1,648,579.20 in damages. Eric Johnson’s FINRA BrokerCheck report lists the product as Other: Account change. The case was filed as a FINRA arbitration under docket number 26-00810. Fidelity Brokerage Services LLC was the firm involved when the activity occurred.

Rule Summary #1: FINRA Rule 2090 (Know Your Customer)

FINRA Rule 2090 requires firms to use reasonable diligence when opening or maintaining an account. Firms must know key facts about each customer. They must also know who has authority over the account.

Rule Summary #2: FINRA Rule 4512 (Customer Account Information)

FINRA Rule 4512 requires firms to keep customer account information. It covers basic customer data and certain account records. Disputes about account changes can raise recordkeeping questions.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Eric Johnson:

Is currently registered with LPL Financial LLC.

Has passed the Securities Industry Essentials (SIE) exam. Eric Johnson has passed Series 7. He has also passed Series 66.

Was previously registered with firms that include Fidelity Personal and Workplace Advisors, Fidelity Brokerage Services LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Waddell & Reed, Inc.

Kurta Law Can Help

If you have worked with Eric Johnson and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Fraud | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.