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Johnny Guan Embroiled in Investor Dispute Alleging Excessive Trading

Dec 20, 2021 Excessive Trading

Johnny Guan (CRD #:5711977), a broker registered with Aegis Capital, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 24, 2021. Keep reading for more details regarding the allegations. 

Investor Allegations 

On August 25, 2021, an investor alleged that Johnny Guan executed excessive trades. The dispute is still pending. 

Excessive trading, also known as "churning," is a common type of broker misconduct. It occurs when brokers execute large numbers of trades simply for the sake of their commission, without any benefit for their investor's portfolio.  

FINRA Rule 2111 prohibits excessive trading, stating that trades must be quantitatively suitable — i.e., the number of trades must be suitable to the investor.  

Johny Guan has another pending unsuitability investor dispute. 

On April 6, 2021, a dispute was filed against Johnny Guan  alleging that between the period of December 2012 - November 2020, he recommended unsuitable investments. The damage amount requested is $125,820.12; the dispute is pending.  

Suitability Disputes  

There are two other investor disputes on Johnny Guan’s record. These collectively settled for $12,600.  

Johnny Guan's Background Information 

Johnny Guan has passed the following exams: 

  • Series 63 - Uniform Securities Agent State Law Examination 
  • SIE - Securities Industry Essentials Examination 
  • Series 7 - General Securities Representative Examination 

Johnny Guan is a registered broker in 35 states. 

Apart from Aegis Capital, Johnny Guan has also worked with the following firms: 

  • National Securities Corporation (CRD #: 7569) 
  • Newbridge Securities Corporation (CRD #: 104065) 

Kurta Law Can Help 

If you have worked with Johnny Guan and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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.