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.
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