Goodman and Nekvasil May Recover Investors Losses | John Scott Simpson (John Simpson), Financial Advisor Barred by FINRA
John Simpson was licensed with RBC Capital Markets LLC from 2009 to 2016. FINRA reports that John Simpson was barred from the securities industry on December 9, 2016. FINRA reports that John Simpson consented to the sanctions and to the entry of findings that John Simpson refused to appear for on-the-record testimony as requested by FINRA in connection with FINRA’S investigation of the conduct that gave rise to his termination from his member firm for violation of firm policy regarding use of discretion in client accounts.
FINRA’S BrokerCheck shows RBC Capital Markets reported a FINRA complaint alleging dating back to 2014, the customers portfolio was concentrated in the energy and metals sectors and was unsuitable for people of their age and risk tolerance, settled for $175,000.
RBC Capital Markets reported a FINRA complaint alleging unauthorized trading and unsuitable transactions in energy and limited partnership as well as misrepresentation of account performance from 2012-2016, this complaint settled for $27,500.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with John Scott Simpson, you may be able to recover your losses from RBC Capital Markets, LLC. This is because RBC Capital Markets, LLC, had a duty to supervise John Scott Simpson. If you would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.