Thomas Lee Johnson – Financial Advisor/Broker Thomas Johnson Named in FINRA Complaint

Thomas Lee Johnson – Financial Advisor/Broker Thomas Johnson Named in FINRA Complaint | Goodman & Nekvasil P.A., May Recover Investor Losses

Thomas Johnson CRD #1215434

Thomas Johnson was licensed with RBC Capital Markets, LLC from 2009 to 2017. According to Thomas Johnson’s CRD, Thomas Johnson was named in a FINRA complaint.


Thomas Johnson was named a respondent in a FINRA complaint alleging that Thomas Jonson converted his member firm’s funds by transferring $1,059,544.98 from Thomas Johnson’s firm account to his personal bank account for his own use and benefit, when he knew he had received the funds in error and that he had no right to possess the funds. The complaint alleges that Thomas Johnson’s firm deposited the funds into his brokerage account at the firm following the firm’s liquidation of his shares and warrants of Doosan Heavy Industries & Construction Co. (“Doosan”), a South Korean company. Due to a system error, the firm incorrectly priced Johnson’s Doosan holdings in South Korean Won instead of in U.S. Dollars. As a result, Johnson received $1,059,544.98 from the sale of his Doosan securities, when he should have received only $951.01. Because Johnson monitored his account with the firm on a daily basis, he knew the actual value of his Doosan holdings and that he had received the $1,059,544.98 in error. Rather than notify the firm of the error, Johnson wrote a check made payable to himself for $1,059,544.98 and drawn on his firm account and deposited the check in his bank account that he held away from the firm. Thomas Johnson planned to distribute the after-tax proceeds to himself and his siblings. However, the firm cancelled the liquidation of Johnson’s Doosan securities and rebilled the transaction at the correct selling price. When Johnson saw that the Doosan transaction had been reversed, he obtained a cashier’s check for $1,060,000 from his personal bank and deposited the check into his firm account. The complaint also alleges that in both a written response to a request for information and document and an on-the-record interview, Johnson provided false and misleading information. Johnson falsely stated that, at his request, sales assistants at the firm researched the transaction and value of his Doosan stock and confirmed that the $1,059,544.98 he received from the sale of his Doosan stock and warrants was accurate.

Goodman & Nekvasil P.A. May Recover Investor Losses

If you lost money on investments with Thomas Johnson and believe 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 concerning Thomas 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 $180 million on behalf of victimized investors. If you lost money on investments with Thomas 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: Thomas Lee Johnson, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, Thomas Johnson

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