Johnnie Melvin Jones, of New York, New York, a stockbroker formerly registered with John Thomas Financial, has been named in a customer initiated investment related arbitration claim wherein the customer requested $112,000.00 in damages based upon allegations of breach of fiduciary duty, suitability and misrepresentation regarding over-the-counter equities transactions executed in the customer’s investment portfolio. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00226 (Mar. 24, 2017).
FINRA Public Disclosure confirms that Jones has been identified in three additional customer initiated investment related disputes pertaining to allegations of his wrongdoing while he was employed by National Securities Corp and John Thomas Financial. Specifically, a customer initiated investment related arbitration claim was settled for $10,000.00 in damages founded on allegations that Jones violated state securities laws, breached his contractual duties to the customer, and effected over-the-counter equities transactions in the customer’s investment account that were not suitable for the customer. FINRA Arbitration No. 13-01090 (June 24, 2014).
Another customer initiated investment related arbitration claim concerning Jones’ activities was resolved for $10,000.00 in damages based upon allegations that Jones negligently serviced the customer’s investments, and breach his fiduciary duties to the customer. FINRA Arbitration No. 15-01413 (July 15, 2016). Thereafter, a customer was awarded $118,998.00 in damages according to an investment related arbitration claim involving Jones’s improper conduct, based upon findings of breach of fiduciary duty, suitability and misrepresentation pertaining to equity transactions. FINRA Arbitration No. 13-02383 (Dec. 16, 2016).
On July 28, 2016, Jones became registered with Network 1 Financial Securities Inc. Since December 12, 1996, he has been associated with eleven different broker dealers, nine of whom are defunct or have been expelled by securities regulators for violations of federal securities laws.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
