Investigation of Broker/Investment Advisor Representative William Colie Johnson
The securities litigation and arbitration attorneys at Colling Gilbert Wright & Carter are investigating Financial Industry Regulatory Authority (FINRA) registered broker and Securities and Exchange Commission (SEC) registered Investment Advisor Representative William Colie Johnson (CRD#: 3174473). His duel registration is currently with brokerage firm and investment advisor Cadaret, Grant & Co., Inc., in Greenville, SC. He entered the securities industry in 1999 and previously worked for Voya Financial Advisors, Inc. for approximately twenty years (2009 – 2019).
According to Mr. Johnson’s Central Record Depository (CRD), there are a total of twelve (12) customer disputes, six of which have occurred in the past thirteen (13) months. Several of the more recent complaints allege Mr. Johnson sold unsuitable alternative investments. This category of investments includes Real Estate Investment Trusts (REITs), Business Development Companies (BDCs), promissory notes and other private, non-traded securities. Due to the speculative and illiquid nature of these securities, they are typically only suitable for customers with a high or aggressive risk tolerance and even then, only in a small percentages relative to the overall portfolio value.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm have a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you suspect you have lost money as a result the inappropriate handling of your investment account(s), please contact our office for a free case evaluation.
Contact Colling Gilbert Wright & Carter, LLC Today
The securities litigation and arbitration attorneys at Colling Gilbert Wright & Carter have represented and recovered investment losses for hundreds of investors nationwide. contact our experienced arbitration attorney today at (800) 766-1000 or contact us online for a complimentary case evaluation. Thank you.