JUDITH JOHNSTON of NYLife Barred by FINRA
Have you lost money with financial advisor Judith Johnston of Frisco, Texas?
We are looking into allegations made by FINRA, the Financial Industry Regulatory Authority, against Judith A. Johnston. FINRA barred Judy Johnston, a former representative of NY Life Securities, from the securities industry after she failed to adequately respond to a FINRA investigation. FINRA was investigating Johnston after she was the subject of several customer complaints involving the sales of variable annuities.
Judith or Judy Johnston was a financial advisor and registered representative of NYLife Securities from October 2009 to October 2016. She worked at a branch office Frisco, Texas. She has also been the subject of eight customer complaints. Johnston also worked with Tom Sorrels Insurance Agency.
Brokerage firms like NYLife Securities 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 Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Texas and the Houston area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including NY Life Securities.
Click to view: Judith Johnston BrokerCheck
Click to view: Judith Johnston FINRA AWC
If you lost money with Judith Johnston or NYLife Securities, 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.