John Simpson from Hunt Valley, Maryland
Have you lost money with financial advisor John Simpson of Hunt Valley, Maryland? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against John S. Simpson. FINRA barred Simpson from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating John Simpson after he was terminated by his former brokerage firm, RBC Capital Markets, for allegedly using discretion (trading without authorization or permission) in a customer’s account.
John Simpson was a financial advisor and registered representative of RBC Capital Markets from March 2009 to February 2016. He worked at a branch office in Hunt Valley, Maryland. According to BrokerCheck, Simpson has been the subject of six customer complaints, some of which allege overconcentrations in oil and energy stocks.
Brokerage firms like RBC Capital Markets 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 and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Maryland and throughout the Baltimore area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Simpson, John FINRA AWC
Click to view: Simpson, John BrokerCheck 12.12.16
HAVE YOU LOST MONEY WITH JOHN SIMPSON OR RBC CAPITAL MARKETS?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Aaron Israels: (720) 599-3505
David Neuman: (206) 795-5798
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.