Last Updated: April 2025 | Boston, MA
Peter T. Johns Investigation Summary
Here’s what you need to know about Boston, MA, stockbroker Peter T. Johns:
- Name: Mr. Peter Thomas Johns
- Current Employer: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Primary Location: Boston, MA
- Function: Stockbroker / Financial Advisor
- CRD Number: 1032813
- Regulatory Licenses: Registered with 6 Self-Regulatory Organizations (SROs) and licensed in 32 U.S. states and territories
- Can Peter Johns be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Customer Disputes:
- Pending Customer Dispute Seeks Damages of: $27,049
- Highest Past Settlement: $118,500.00
If you’ve sustained damages from Mr. Johns, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Peter Johns As Your Stockbroker?
A pending FINRA arbitration case has been filed against Peter T. Johns related to suitability concerns in equity-listed investments.
- Pending Case Details:
- Docket Number: 24-02028
- Filing Date: October 3, 2024
- Allegations: Failure to consider suitability in an investment recommendation
- Claim Amount: $27,049.00
Past settlements indicate that customers have previously accused Peter Johns of failing to disclose fees and making unsuitable investment recommendations.
- Settlement 1:
- Allegation: Failure to disclose fees and questionable mutual fund suitability in a margin account
- Filed: August 19, 2005
- Settlement Amount: $5,530
- Settlement 2:
- Allegation: Unsuitable investment advice involving OTC equities and mutual funds
- Filed: July 6, 2001
- Settlement Amount: $118,500
Under FINRA Rule 2111, brokers must ensure that recommendations are suitable based on an investor’s objectives and risk tolerance. Suitability concerns, as alleged in multiple complaints against Johns, raise significant red flags regarding his investment strategies.
Allegations of Broker Misconduct Against Peter Johns
Customers and regulators have reported the following allegations against Peter T. Johns:
- Failure to Disclose Fees: Customers allege that Johns did not adequately disclose investment fees
- Unsuitable Investment Recommendations: Allegations of unsuitable investment advice, particularly in OTC equities and mutual funds
- Pending Arbitration for Suitability Violations: A current customer dispute alleges that Johns failed to consider investment suitability
Recover Your Investment Losses Now With Rex Securities Law
See this for our prior investigations of Merrill Lynch brokers.
If you have suffered investment losses in an account handled by Peter T. Johns, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.