DAVID W. JOHNSON (CRD# 1010443), a 55 year-old former JP Turner broker from Keller, Texas, is facing felony theft charges in Iowa. Johnson is charged with four first degree theft charges, after complaints from residents in Pocahontas, Coon Rapids, Algona and Fort Dodge, Iowa, came to light.
According to reports, allegedly Johnson took over $10,000 from each of these investors and then used the investors' money for his own personal use.
David Johnson was formerly a licensed securities agent and investment advisor in Iowa from 1984 until 2012.
Arrest warrants were issued July 3rd, 2014. Johnson arrived in Humbolt County, Iowa, this week and is being held on a $500,000 cash bond.
According to FINRA's BrokerCheck, DAVID W. JOHNSON was previously registered with the following securities firm(s):
J.P. TURNER & COMPANY, L.L.C. (CRD# 43177) - KELLER, TX
01/2010 - 01/2012
CAPITAL FINANCIAL SERVICES, INC. (CRD# 8408) - HUMBOLDT, IA
04/2006 - 12/2009
MML INVESTORS SERVICES, INC. (CRD# 10409) - SPRINGFIELD, MA
12/2001 - 04/2006
MML INVESTORS SERVICES, INC. (CRD# 10409) - SPRINGFIELD, MA
03/1996 - 12/1999
G. R. PHELPS & CO., INC. (CRD# 173) 11/1983 - 03/1996
Soreide Law Group has recently filed litigation against David W. Johnson regarding the sale of private placement investments to an elderly client. If you have experienced financial losses due to DAVID W. JOHNSON contact the Soreide Law Group for a free consultation on how to potentially recover your losses at 888-760-6552. We represent clients nationwide.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
Phone:
Fax: 1-954-760-6553
Email: [email protected]