The SEC has filed an action against ERIC W. JOHNSON, 51, (CRD# 2142522) for allegedly misappropriating at least $1 million from his clients. The SEC claims that Johnson transferred small sums to his personal account over 100 times. Eric William Johnson has not been located. Johnson has been with RedRidge Securities, based in Chicago, since 1999. FINRA has permanently barred Johnson from the industry.
Allegedly between 2004 - 2014 Johnson made 115 wire transfers worth $1 million from client accounts to an account in his name. The SEC alleges that Johnson targeted clients with large accounts and concealed his actions by submitting smaller transfers from computers not connected with his account. Johnson's assets have been frozen.
ERIC W. JOHNSON was previously registered with the following securities firm(s):
03/1999 - 09/2014 REDRIDGE SECURITIES, INC. (CRD# 45976) - CHICAGO, IL
04/1996 - 06/1999 PROGRAM TRADING CORP. (CRD# 36740) - BOCA RATON, FL
FINRA expelled the firm in 01/2005
11/1993 - 05/1996 STEIN, SHORE SECURITIES, INC. (CRD# 31294) - ORLANDO, FL
01/1992 - 11/1993 EMANUEL AND COMPANY (CRD# 7309) - NEW YORK, NY
FINRA expelled the firm in 10/1994
05/1991 - 01/1992 BARING & BROWN, INC. (CRD# 24929) FINRA expelled the firm in 09/1992
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