JOHN HENRY SWON IV Barred

On July 6, 2021, JOHN HENRY SWON IV (JOHN SWON) CRD#: 5591686, formerly with ROYAL ALLIANCE ASSOCIATES INC of Bloomington, Minnesota, was barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm.  John Swon was previously registered both as a broker and as an investment advisor.
Without admitting or denying FINRA’s findings, JOHN HENRY SWON IV consented to the sanction and to the entry of findings that he allegedly refused to produce information and documents requested by FINRA in connection with its investigation concerning allegations in a client complaint that he mismanaged funds.
FINRA’s findings stated that this matter originated from a Uniform Termination Notice for Securities Industry Registration (Form U5) that John H. Swon's member firm filed noting that he violated its policies regarding disclosure and approval of outside business activities (OBAs).
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN HENRY SWON IV was in the securities industry for 11 years and has 4 disclosures on his FINRA CRD report.
Two of the disclosures are, “Employment Separation After Allegations,” both dated April 16, 2021.  One is from, ROYAL ALLIANCE ASSOCIATES INC, which discharged Swon following allegations of, “THE REPRESENTATIVE VIOLATED THE FIRM'S POLICIES REGARDING DISCLOSURE AND APPROVAL OF OUTSIDE BUSINESS ACTIVITIES.” The other discharge of JOHN HENRY SWON IV is from FOCUS FINANCIAL following similar allegations of, “THE ADVISORY REPRESENTATIVE VIOLATED THE FIRM'S POLICIES REGARDING DISCLOSURE AND APPROVAL OF OUTSIDE BUSINESS ACTIVITIES.”
There is a pending “Customer Dispute” dated April 1, 2021, against John Swon with the allegations, “CLIENT ALLEGES THAT THE REPRESENTATIVE "MISAPPROPRIATED OR OTHERWISE MISMANAGED FUNDS ENTRUSTED TO HIM" AS AN INVESTMENT ADVISORY REPRESENTATIVE OF FOCUS FINANCIAL NETWORK INC.” The damage amount requested is $110,000.00.
According to BrokerCheck, John Swon was listed with 4 firms, the most recent listed below:
10/09/2012 - 04/16/2021  ROYAL ALLIANCE ASSOCIATES, INC. - BLOOMINGTON, MN
11/18/2010 - 10/03/2012  NYLIFE SECURITIES LLC - EDINA, MN
If you’ve experienced losses due to the actions or recommendations of the former FOCUS FINANCIAL NETWORK INC and/or ROYAL ALLIANCE ASSOCIATES INC broker JOHN HENRY SWON IV of Minnesota, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis, no fee to you if no recovery, and represents our clients nationwide before FINRA.
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