According to a FINRA Disciplinary Announcement, Eric William Johnson (CRD #2142522, Hinsdale, New York) submitted an AWC in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Johnson consented to the sanction and to the entry of findings that he misappropriated more than $1 million from at least six firm customers’ brokerage accounts at his member firm. The findings stated that Johnson made wire transfers of funds from the firm customers’ brokerage accounts to his own personal bank accounts. The firm’s wire transfer form required the signature of a firm principal and the signature and seal of the firm’s notary public. To effectuate certain wire transfers of customer funds to his personal bank accounts, Johnson falsified, or caused to be falsified, the signatures of a firm principal and the firm’s notary public, as well as the notarized seal. The findings also stated that Johnson failed to provide FINRA-requested documents and information, and failed to appear and provide on-the-record testimony. Counsel for Johnson informed FINRA that Johnson would not provide the requested documents and information and would not appear and provide on-the-record testimony.
For the full FINRA case, see FINRA Case #2014042723401.
According to this FINRA Broker Report, Johnson was employed by Redridge Securities from 1999 through 2014.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For a free consultation with a securities attorney, please call the firm’s Chicago office at 312/238-9650. For more information on The White Law Group, visit https://whitesecuritieslaw.com.Tags: Eric William Johnson FINRA charges, Eric William Johnson FINRA investigation, Eric William Johnson FINRA sanction, Eric William Johnson misappropriation Last modified: July 17, 2015