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Investment Loss Options for Customers of Former Voya Financial Advisors, Inc. Broker William Johnson

Posted on Monday, December 6th, 2021 at 10:12 pm    

Voya Financial Advisors

There are options for customers of former Voya Financial Advisors, Inc. broker William Johnson (CRD# 3174473) who suffered investment losses. William Johnson has been registered with Cadaret, Grant & Co., Inc.n in Greenville, South Carolina since 2019. Previously, Johnson was registered with Voya Financial Advisors, Inc. in Greenville, South Carolina from 1999 to 2019.

William Johnson Faces Multiple Customer Complaints

William Johnson has been the subject of 10 customer complaints between 2009 and 2021, three of which were denied, according to his CRD report. The most recent complaints were regarding: 

September 2021. “Client alleges that between 2012 and 2015, she was sold unsuitable, high-risk illiquid alternative investments. The client further alleges that the representative incorrectly listed her net worth and income information on account forms.” The case is currently pending. The complaint took place while William Johnson was registered with Voya Financial Advisors, Inc. and was regarding real estate securities. 

September 2021. “Customer alleges that he was sold unsuitable, high-risk and illiquid alternative investments, and was told the investments purchased were safe and low-risk.” The customer is seeking $90,000 in damages and the case is currently pending. The complaint took place while William Johnson was registered with Voya Financial Advisors, Inc. and was regarding real estate securities. 

September 2021. “The claimant alleges that in November of 2015, the investment in question was misrepresented as a low risk, safe, and suitable investment.” The customer is seeking $100,001 in damages and the case is currently pending. 

July 2021. “Claimants allege that they invested approximately $600,000 with the representative and he recommended an unsuitable strategy that included a number of high risk alternative investments between 2013 and 2017. They believe their losses are approximately $250,000.” The customer is seeking $250,000 in damages and the case is currently pending. The complaint took place while William Johnson was registered with Voya Financial Advisors, Inc. and was regarding real estate securities and futures commodities. 

October 2020. “Claimants alleged that beginning in 2014 representative sold them unsuitable and risky investments which were against their wishes to invest in a conservative portfolio.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint took place while William Johnson was registered with Voya Financial Advisors, Inc. and was regarding mutual funds and business development companies (BDCs).

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Voya Financial Advisors, Inc. may be liable for investment or other losses suffered by William Johnson’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.