Joseph Eldon Johnson of North Riverside Illinois a stockbroker currently registered with Raymond James Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $50,000.00 in damages supported by accusations of sales practice violations relating to exchange traded funds including (1) negligence (2) breach of fiduciary duty (3) breach of contract and (4) fraud. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01487 (Apr. 18, 2018).
FINRA Public Disclosure confirms that Johnson has been identified in three more customer initiated investment related disputes containing allegations of his misconduct while employed with Raymond James and Robert Thomas Securities, Inc. Specifically, a customer was awarded $8,826.00 in compensatory damages pursuant to a customer initiated investment related arbitration claim in which Johnson was found liable on the customer’s claim of negligence and misrepresentation. National Association of Securities Dealers (NASD) Arbitration No. 91-03302.
Thereafter, a customer filed an investment related complaint concerning Johnson’s activities in which the customer sought $64,500.00 in damages based upon accusations that the customer’s individual retirement account portfolio had been concentrated in equities that were not suitable for the customer. On July 6, 2016, another customer filed an investment related complaint regarding Johnson’s conduct where the customer requested $50,771.27 in damages founded on allegations that inappropriate investment recommendations had been made to the customer.
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