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Roger Johnson is the Subject of a Six-Figure Suitability Dispute

Roger Johnson (CRD #: 4545355), a previously registered broker with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 21, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 22, 2024, investors alleged that Roger Johnson recommended unsuitable recommendations of equity-listed securities and other causes of action related to these trades. The investor is seeking $400,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Roger Johnson has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination on  
  • Series 24 General Securities Representative Examination 

During his 21 years of experience, he has registered with four firms: 

  • LPL Financial (CRD #: 6413) 
  • CUNA Brokerage Services (CRD #: 13941) 
  • BB&T Investment Services (CRD #: 33856) 
  • UBS Financial Services (CRD #: 8174) 

Kurta Law Can Help 

If you have worked with Roger Johnson and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.

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