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Johnna Baker Allegedly Failed to Follow Client’s Liquidation Instructions

Johnna Baker (CRD #: 5980098), a broker registered with Edward Jones, allegedly failed to follow an investor’s instructions, according to her BrokerCheck record, accessed on October 10, 2022. If you have questions about her conduct as a broker, keep reading.

Investor Dispute

On July 15, 2022, an investor alleged that Johnna Baker failed to follow her instructions to liquidate a Prudential Premier Retirement Variable Annuity in June 2022. The client alleged that this failure to follow instructions led to a $12,000 loss, plus a penalty, and that her accounts experienced approximately $177,000 in losses in 2022.

The client sought to recover that $177,000 but the dispute was denied by the firm.

However, investors should know that firms can deny disputes without an external review. Investors may be able to recoup their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Johnna Baker has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Johnna Baker is a registered broker in 22 states and a registered investment adviser in Arkansas and Texas.

Kurta Law Can Help

If you worked with Johnna Baker 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.