Grant Johnson Received FINRA Sanction For Private Securities Transaction

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Grant Douglas Johnson [CRD: 2355556, Boca Raton, Florida], considering the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Johnson was registered with Noble Capital Markets Inc. from February 3, 2021, to February 3, 2023. Keep reading to learn more about Johnson's disclosures and the implications for investors.

FINRA Fined Johnson For Unauthorized Private Securities Transactions

Specifically, on February 19, 2024, the Financial Industry Regulatory Authority (FINRA) issued Case: 2022076763001 sanctioning Grant Johnson. Evidently, FINRA determined that Johnson participated in private securities transactions without proper disclosure.

FINRA says that Grant Johnson was involved in private securities transactions totaling $610,000. These transactions were not disclosed to his employing firm, Noble Capital Markets Inc. He did not receive written approval for his participation. Johnson was a part owner of a management entity overseeing special purpose vehicles used for private offerings. He invested $210,000 personally and worked with other investors who brought in $400,000.

Selling Away Violations By Grant Johnson

Also, Johnson communicated with these investors post-investment about the status of their investments. The management entity stood to gain carried interest from these investments upon reaching certain benchmarks, with Johnson entitled to a portion of this carried interest. This was deemed a violation of FINRA regulations as it involved unreported private securities transactions conducted outside the official capacities at Johnson’s employer.

Therefore, Johnson received a six-month suspension affecting all capacities, starting from February 19, 2024, and ending on August 18, 2024. Additionally, he was fined $15,000, which he paid in full.

Did You Sustain Losses Because Of Johnson?

Did you experience losses because of Grant Johnson? If so, get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Johnson and brokerage firms he worked for deny any allegations of sales practice violations.