INVESTOR ALERT! JEFFREY JOHNSON of Michigan SUSPENDED
Jeffrey Johnson from Birmingham, Michigan Suspended Seven Months From Securities Industry
Have you lost money with financial advisor Jeffrey Johnson of Birmingham, Michigan? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority), against Jeffrey Michael Johnson. FINRA suspended Johnson seven months from the securities industry and fined him $10,000.
FINRA alleged that Jeffrey Johnson offered and sold to his clients investments in a fantasy sports company that he partially owned called FourPlay Sports, LLC. He also owned another company called Teaser Fever. Johnson allegedly solicited 11 investors to invest $310,000 in FourPlay Sports without getting permission from his brokerage firm, Morgan Stanley. FINRA alleged that Johnson told Morgan Stanley about FourPlay Sports but did not tell Morgan Stanley that he was selling promissory notes to investors in FourPlay.
Jeffrey Johnson was a financial advisor and registered representative of Morgan Stanley from December 2011 to March 2016. He worked at a branch office in Birmingham, Michigan. Johnson has been the subject of at least one prior customer complaint. Johnson was also terminated by Morgan Stanley for this conduct.
Brokerage firms like Morgan Stanley have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan. Attorney Aaron Israels is licensed to practice law in Michigan, he grew up in Holland, Michigan and also lived for many years in the Detroit area. We have also represented a number of victims who had their money stolen by Michigan brokers, including Christopher Tolmacs. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Johnson, Jeffrey FINRA AWC
Click to view: Johnson, Jeffrey BrokerCheck 10.25.17
If you lost money with Jeffrey Johnson, FourPlay Sports, or Morgan Stanley, please Contact Us at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.