William Johnson, broker with Cadaret, Grant & Co is involved in customer disputes over alleged unsuitable investments

The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims against William Johnson (CRD #3174473) regarding misrepresenting and recommending unsuitable investments. According to public records, there have been 6 recent allegations against Mr. Johnson accusing the broker of recommending and misrepresenting unsuitable high-risk investments. This broker was also with Voya Financial Advisers from 1999-2019.

William Johnson has 6 customer disputes, here are the 3 most recent claims as of April 2022

Claim 1: March 2022

Status: Pending

Allegations: The claimant alleges in 2015 the representative misrepresented an illiquid alternative investment as a low-risk, safe and suitable investment.

Damage Amount Requested: $100,000.00

Claim 2: February 2022

Status: Pending

Allegations: The claimants allege that from 2015 onward they suffered losses due to misleading statements and unsuitable recommendations to purchase speculative non-traded REITs and other alternative investment funds.

Damage Amount Requested: $209,000.00

Claim 3: September 2021

Status: Pending

Allegations: The customer alleges that he was sold unsuitable, high-risk and illiquid alternative investments, and was told the investments purchased were safe and low-risk.

Damage Amount Requested: $90,000.00

If you were a client of William Johnson and Cadaret, Grant & Co. and lost money in your account, we are interested in discussing a potential claim with you. Brokerage firms like Cadaret, Grant & Co. have a responsibility to supervise all representatives who are registered through their firm.  (See our video “Warning signs of a bad financial advisor”). Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. The brokerage firm is not only legally responsible for the acts of its agents, like William Johnson, Cadaret, Grant & Co. may also be liable for investment losses sustained by customers for a failure to supervise. The Securities Lawyers at Halling & Cayo, S.C. have recovered millions of dollars for investors across the country. (See our video “Do I need a lawyer for my FINRA Arbitration?”). Reviewing FINRA’s Broker Check, there have been 6  complaints against William Johnson and Cadaret, Grant & Co.

Despite some volatility surrounding Covid, the S&P 500 has gained an average of more than 19% annual returns since 2019 and yet some investors, put into overly risky trading strategies, often despite promises of guaranteed returns, have lost significant sums. The Securities Lawyers are looking to bring claims on behalf of individual(s) and/or a group of investors for recovery of their funds. Most customers will have signed a FINRA arbitration agreement to resolve disputes, including claims for reimbursement of these types of investment losses. As the SEC reminds investors, it can be important to find an attorney that “specializes in resolving securities complaints.”

If you were a customer of William Johnson and Cadaret, Grant & Co. and suffered investment losses, please contact the Securities Lawyers. We only get paid if we recover your money. Your claim may be subject to a time limit or statute of limitations, so contact an attorney right away.

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Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.

He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.

Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover funds.