- Free Confidential Consultation: (720) 599-3505 Tap Here To Call Us
JOHN SWON Allegations of Misappropriating Customer Money
John Swon Fired by Royal Alliance Associates and Focus Financial BLOOMINGTON, MINNESOTA – Have you lost money with financial advisor John Swon IV of Bloomington, Minnesota? We are investigating allegations made by a former customer of John Swon. Swon was accused by a customer of misappropriating or mismanaging $110,000. Swon was then subsequently terminated by his brokerage firm, Royal Alliance Associates, and his advisory firm, Focus Financial.
John H. Swon was a financial advisor and registered representative of Royal Alliance Associates from 2012 to April 2021. He was also with Focus Financial from October 2012 to April 2021. He worked at a branch office in Bloomington, Minnesota.
Brokerage firms like Royal Alliance Associates 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 Minnesota in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Royal Alliance Associates.
Click to view BrokerCheck: Swon, John BrokerCheck 6.15.21