Lloyd Mark Johnston of Spokane Washington a stockbroker formerly registered with Capital Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to provide FINRA with information that had been requested of him. Case No. 2018057318201 (Sept. 4, 2018).
According to FINRA Public Disclosure, Johnston was initially suspended by FINRA under FINRA Rule 9552(h). Johnston was provided a Notice of Suspension from FINRA on May 31, 2018, and the suspension went into effect on June 25, 2018. Johnston was warned by FINRA at that time that the failure to either comply with FINRA’s requests or seek the termination of his suspension by September 3, 2018 would result in Johnston being automatically barred by FINRA in all capacities. Johnston failed to communicate with FINRA by the deadline.
FINRA Public Disclosure additionally confirms that Johnston is referenced in a customer initiated investment related arbitration claim where the customer requested damages estimated to exceed $5,000.00 based upon allegations that while Johnston was associated with Capital Financial Services, Inc., he sold the customer inappropriate alternative investments including real estate security, oil and gas, limited partnership interests and direct participation program products. FINRA Arbitration No. 18-01755 (May 7, 2018).
Capital Financial Services Inc. discharged Johnston on April 19, 2018 founded on accusations that Johnston failed to make required regulatory disclosures.
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