Johnny Guan (NSC, Aegis) Facing Investor Disputes

Disputes Filed By Investors Of NSC, Aegis Concerning Securities Broker Johnny Guan

Soreide Law Group comes to you with important information regarding securities broker Johnny Guan (CRD#: 5711977, Red Bank, New Jersey). It appears on Financial Industry Regulatory Authority (FINRA) BrokerCheck that Guan is involved in four investor disputes. Evidently, the securities broker, who worked for National Securities Corporation (NSC) from 2012 to 2016 and joined Aegis Capital Corporation in 2016, potentially made inappropriate investment recommendations. Here's more on the investor disputes, including what you could do if you experienced losses by investing with this securities broker.

National Securities Corporation Client Alleges Excessive Trading In Dispute About Johnny Guan

Evidently, the BrokerCheck report on Guan contains a FINRA Arbitration Claim in August 2021. Specifically, the client brought the dispute to contest the number of trades made in their account. Supposedly, Guan's excessive trading caused them to experience losses on equities. For this reason, they asked for National Securities Corporation to compensate them. This matter is ongoing at this time.

Client Of Aegis Capital Corp Disputes Investment Recommendations

Also, in April 2021, a client of Aegis Capital Corp contested Johnny Guan's sales practices from December 2012 to November 2020. Namely, the client took issue with Guan's investment recommendations, referring to them as unsuitable. Because of Guan's supposedly unsuitable investment recommendations, the client asked for $125,820.12 in compensation. This matter awaits a resolution.

National Securities Corp Client Alleges Unauthorized Transactions, Breach Of Fiduciary Duty In Dispute About Johnny Guan

Moreover, it appears that a client of both National Securities Corp and Aegis Capital Corp brought a dispute about Johnny Guan. In this December 2019 FINRA Arbitration Claim, the client alleged that they invested in an unsuitable REIT. Secondly, the client argued that their account concentrated heavily in this product. Thirdly, the securities broker allegedly engaged in unauthorized trading. Finally, the client alleged breach of fiduciary duty. Evidently, the securities firm settled this matter by making a $5,400 payment to the client in March 2020.

Misrepresentation, Negligence Among Allegations Made By Client Of NSC, Newbridge

Additionally, a client of National Securities Corp and Newbridge Securities Corp (Guan's first employer) filed a FINRA Arbitration Claim in April 2016. Supposedly, Johnny Guan provided bad advice to the client. In addition, the client contended that misrepresentations on options and penny stocks led to damages. Further, they alleged that the securities firms did not supervise Guan's activities and violated FINRA rules. It appears that this client received a $7,200 payment through an August 2016 settlement.

Losses Through Johnny Guan?

Did you suffer losses because of securities broker Johnny Guan? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for hundreds of United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Guan denies all allegations of his sales practice violations.