The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Johnnie M. Jones. According to his publicly available FINRA BrokerCheck report, Johnnie M. Jones has been the subject of multiple customer disputes.
Johnie M. Jones was a New York based securities broker. He worked in the securities industry for twenty-two years. During his career, he was registered with eleven different securities firms.
His Registrations
- Royce Investment Group (1996-1998)
- Morgan Grant Capital Corp. (1998)
- Tasin & Company (1988-1999)
- Weatherly Securities (1999-2001)
- Ehrenkrantz King Nussbaum (2001-2005)
- American Capital Partners (2005)
- Empire Financial Group (2005-2008)
- Prestige Financial Center (2008)
- John Thomas Financial (2008-2013)
- National Securities Corporation (2013-2016)
- Network 1 Financial Securities (2016-Present)
The Allegations
- In May 2013, a customer alleged that Johnnie M. Jones recommended unsuitable investments, breached contract, and violated state securities statutes. This case was settled for $10,000 in damages.
- In November 2013, a customer alleged that Johnnie M. Jones made material misrepresentations, recommended unsuitable investments, and breached his fiduciary duty. This case went to arbitration where the customer was awarded $118,988 in damages.
- In June 2015, a customer alleged that Johnnie M. Jones breached his fiduciary duty and handled their account negligently. This case was settled for $10,000 in damages.
- In March 2017, a customer alleged that Johnnie M. Jones made material misrepresentations, recommended unsuitable investments, and breached his fiduciary duty. This case was settled for $25,000 in damages.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Johnnie M. Jones, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
