Drew Mansfield Johnson (Drew Johnson) Formerly Licensed with Sagepoint Financial, Inc., Suspended from Securities Industry — Goodman & Nekvasil P.A, May Recover Investor Losses

Goodman & Nekvasil P.A, May Recover Investor Losses – Drew Mansfield Johnson (Drew Johnson) Formerly Licensed with Sagepoint Financial, Inc., Suspended from Securities Industry 

From 2012 until 2016, Drew Johnson was licensed with Sagepoint Financial, Inc. Drew Johnson previously worked for Girard Securities, Inc.

FINRA brought a disciplinary action against Drew Johnson in 2017. FINRA reports that Drew Johnson consented to a 6-month suspension and a $5,000 monetary fine. Drew Johnson consented to the entry of findings that Drew Johnson participated in private securities transactions involving four customers without providing prior or subsequent written notice to his member firm. The findings also stated that Johnson facilitated transactions by which the customers separately agreed to lend a privately-held company a total of $125,000 in exchange for promises that they would be repaid with interest and would receive warrants to purchase shares of the company’s stock at a specified price within the ensuing five years. The findings state that at least two of Johnson’s four customers, who lent money to the privately-held company, were not repaid part or all of their principal, and none exercised their warrants.

FINRA reports a customer complaint was filed against Drew Johnson alleging sales practice violations. The claim alleged unsuitable investments (a bridge loan). The claim was settled for $25,000.

FINRA also reports an outstanding tax lien of $38,623 held by the IRS.

If you lost any money on investments with Drew Johnson, you may be able to recover your losses from Sagepoint Financial, Inc. and/or Girard Securities, Inc. This is because Sagepoint Financial, Inc. and Girard Securities, Inc. had a duty to supervise Drew Johnson.

If you lost money on investments with Drew Johnson, and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Sagepoint Financial, Inc. and/or Girard Securities, Inc., concerning Drew Johnson’s conduct. 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.

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. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on any investments with Drew Johnson and 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.    

 

Keywords: Drew Mansfield Johnson, Drew Johnson, Johnson, Girard Securities, FINRA, Sagepoint Financial, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities 

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