Rex Securities Law Investment Fraud Attorney Investigates William C. Johnson formerly with Voya Financial Advisors

Rex Securities Law Investment Fraud Attorney Investigates William C. Johnson formerly with Voya Financial Advisors

Rex Securities Law Investment Fraud Attorney Investigates William C. Johnson formerly with Voya Financial Advisors 150 150 Robert Rex, Esq.

Last Updated: September 2023 (Greenville, South Carolina)

William Johnson Investigation Summary

Here’s what you need to know about Greenville, SC , stockbroker William C. Johnson:

  • Name: Mr. William Colie Johnson
  • Current Employer: Not currently registered with FINRA
  • Previous Firms: Cadaret, Grant & Co., Voya Financial Advisors, dba Diversified Business Concepts
  • Function: Former Stock Broker/ Financial Advisor
  • Aliases: William C. Johnson
  • Primary Location: Greenville, SC
  • CRD 3174473
  • Can William C. Johnson be sued in FINRA arbitration: Yes
  • Sanctioned by FINRA: No
  • Highest Settlement : $350,000
  • Several Pending Customer Disputes Seek Damages in excess of $1.6 million

Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Did You Lose Money With William Johnson As Your Stockbroker?

William C. Johnson discloses 6 currently pending and 13 prior customer complaints.

The six currently pending complaints are all brought by customers of Voya Financial Advisors and all relate to losses incurred on REITs and other alternative investments. Total damages sought exceed $1,60,000.

Eight of the prior complaints were brought by customers of Voya Financial Advisors and involve real estate investments trusts (REITs) and other alternative investments. A cumulative total of more than $600,000 was paid to resolve these customer complaints.

In 2016 a customer of ING Financial Partners was paid $350,000 to resolve allegations that William Johnson recommended an unsuitable annuity. The customer alleged misrepresentation, violation of the South Carolina Unfair Trade Practices Act and Uniform Securities Act.

Allegations of Broker Misconduct Against William Johnson

Customers of William C. Johnson have alleged the following wrongdoing in connection with the handling of customer accounts:

  • Unsuitable Investment Recommendation to purchase alternative investments
  • Failure to disclose that alternative investments are not liquid
  • Johnson incorrectly stated customer’s net worth and income on account forms.
  • Sold high-risk illiquid alternative investments
  • Made materially false and misleading statements
  • Recommended speculative alternative investments unsuitable for retirement
  • Recommended unsuitable annuity investment
  • Sold risky investments against their wishes to invest conservatively
  • Represented alternative investments as safe and low risk

Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

See this for our Investigation of Voya Financial Advisors Complaints.

Recover Your Investment Losses Now With Rex Securities Law

If you have suffered investment losses in an account handled by William C. Johnson, contact us for a complimentary consultation with an experience 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.

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