J.P. Morgan’s Benjamin Johnson Barred For Impeding FINRA Investigation

Benjamin S. Johnson (CRD #5742748, Columbus, Ohio) was a registered representative of J.P. Morgan Securities LLC between October 1, 2012 and February 17, 2017. Johnson consented to being barred by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker or associating with FINRA member broker-dealer firms pursuant to a Letter of Acceptance, Waiver and Consent (“AWC”) #2017052715901 executed on September 6, 2018. FINRA found Johnson liable for failing to provide information requested of him during an investigation into his unreported liens and judgements.

FINRA Bars J.P. Morgan Securities Broker For Failing To Cooperate

The AWC stated that FINRA Department of Enforcement began investigating Johnson in May 2018 concerning Johnson’s activities at J.P. Morgan Securities LLC. FINRA inquired into Johnson’s failure to make required disclosures on his Form U4 regarding a number of financial events, which apparently consisted of seven liens and judgements entered against him.
FINRA Department of Enforcement subsequently sent Johnson a letter on June 8, 2018, requesting that Johnson provide FINRA with documents and information by June 22, 2018, pursuant to Rule 8210. Johnson was notified by FINRA at that time that he could be barred if he did not provide the requested documents.
Johnson subsequently requested on June 14, 2018 that he be provided four additional weeks to respond to FINRA’s request. FINRA Department of Enforcement approved of Johnson’s request, permitting Johnson to supply the documents and information by July 22, 2018. Yet, Johnson apparently failed to accommodate FINRA by the July 22, 2018 deadline.
On August 3, 2018, Johnson notified FINRA Department of Enforcement that he would no longer cooperate with FINRA in its investigation. Johnson expressed to FINRA at that time that he knew his non-cooperation would be grounds for FINRA to bar him. FINRA found that Johnson committed violations of FINRA Rules 8210 and 2010, barring him from the securities industry.

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