Israels & Neuman, PLC Investigates John Krohn, Formerly of Principal Securities
Have you lost money with financial advisor John Krohn (CRD# 2722975), formerly of Principal Securities, in West Des Moines, Iowa? We are investigating allegations of former customers related to John Krohn. John Krohn’s BrokerCheck report, a public record maintained by FINRA, states that Krohn has been the subject of five customer complaints, four of which were filed within the last four years. The complaints allege that Krohn solicited investors to make private investments that were not approved by his former brokerage firm, Principal Securities.
John Krohn was a registered representative of Principal Securities from 1996 to January 2017. Krohn worked in offices in West Des Moines, Iowa. Krohn was also suspended by FINRA for this conduct in 2017. Krohn was also involved with Cash Flow Solutions Group and Cash Flow Structure Group.
Brokerage firms like Principal 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Iowa. Our attorneys have represented over one thousand investors against many brokerage firms in the past.