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Russell Johnson Fired from LPL Financial Following Alleged Misconduct

Russell Johnson (CRD #: 7252527), a broker formerly registered with LPL Financial, allegedly engaged in misconduct, according to his BrokerCheck record, accessed on February 15, 2023. If you want to know more about his alleged conduct as a broker, read on.

Termination from LPL Financial

On December 21, 2022, Russell Johnson was fired from LPL Financial after allegedly opening 529 plan accounts with a third-party custodian on behalf of certain customers but without firm approval. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Opening plan accounts with third-party custodians without firm approval may violate FINRA Rule 2010. If investors feel their broker may have violated this rule, they should get in touch with a securities attorney right away. 

Background Information

Russell Johnson has passed the following exams:

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

He previously worked for LPL Financial (CRD#:6413).

Kurta Law Can Help

If you worked with Russell 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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