Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 7, 2018 indicate that former Washington-based Capital Financial Services broker/adviser Lloyd Johnston, who has received a pending customer dispute, was recently sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Johnston (CRD# 1626695).
Lloyd Johnston has spent 27 years in the securities industry and was most recently registered with Capital Financial Services in Spokane, Washington (2006-2018). Previous registrations include Legacy Financial Services in Clinton, Maryland (2004-2006); Investors Capital Corporation in Lynnfield, Massachusetts (1996-2004); Intersecurities in St. Petersburg, Florida (1992-1993); and Pruco Securities Corporation in Newark, New Jersey (1987-1992). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 29, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 19, 1996; Series 7 (General Securities Representative Examination), which he obtained on July 25, 1997; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on February 23, 1987; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on April 30, 1996. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two regulatory sanctions and one pending customer complaint.
In May 2018 FINRA sanctioned him following allegations he failed to respond to a request for information. He was issued an indefinite suspension that will continue “until the required information is provided to FINRA or the suspension converts to a bar.”
In May 2018 a customer alleged Lloyd Johnston, while employed at Capital Financial Services, made unsuitable sales of alternative investments. The customer is seeking unspecified damages in the pending complaint.
In April 2018 he was terminated from his position at Capital Financial Services in connection to allegations he failed to report reportable events on his Form U4.
In February 2018 he was named in a FINRA investigation into allegations of a “failure to disclose reportable events.” The investigation remains pending.
In 2017 the Maryland Office of Securities sanctioned him in connection to a “concern regarding [his] numerous judgments and or liens.” He was placed on a two-year conditional registration order.
If you or someone you know has a complaint regarding Lloyd Johnston, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.