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Lloyd Johnston: Sanctioned, Discharged, Named in Investigation, Multiple Tax Liens

Lloyd JohnstonPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 6, 2018 indicate that former Washington-based Capital Financial Services broker/adviser Lloyd Johnston, who has received a pending customer dispute, was recently discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Johnston (CRD# 1626695).

Lloyd Johnston has spent 27 years in the securities industry and was most recently registered with Capital Financial Services in Spokane, Washington (2006-2018). Previous registrations include Legacy Financial Services in Clinton, Maryland (2004-2006); Investors Capital Corporation in Lynnfield, Massachusetts (1996-2004); Intersecurities in St. Petersburg, Florida (1992-1993); and Pruco Securities Corporation in Newark, New Jersey (1987-1992). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 29, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 19, 1996; Series 7 (General Securities Representative Examination), which he obtained on July 25, 1997; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on February 23, 1987; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on April 30, 1996. He is currently not registered with any state or firm.

According to his BrokerCheck report, Lloyd Johnston has received one pending customer complaint and one regulatory sanction, has been named in a FINRA investigation and was recently discharged from his former employer in connection to alleged rule violations. He has also received 15 unsatisfied judgments or liens.

In May 2018 a customer alleged Lloyd Johnston, while employed at Capital Financial Services, sold unsuitable alternative investments. The customer is seeking unspecified damages believed to exceed $5,000 in the pending complaint.

In April 2018 he was terminated from his position at Capital Financial Services following allegations he failed to report reportable events on his Form U4.

In February 2018 he was named in a FINRA investigation into allegations he failed to disclose reportable events. The investigation remains pending.

In February 2017 he was sanctioned by the Maryland Office of Securities in connection to allegations involving “numerous judgments and or liens.” He was issued a two-year conditional registration order.

In 2016 the Internal Revenue Service filed a tax lien totaling $76,693.54 against him. The lien remains outstanding.

In 2016 the Internal Revenue Service filed a tax lien totaling $348,098.59 against him. The lien remains outstanding.

If you have lost money investing with Lloyd Johnston, you may be entitled to recoup your losses. Call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect a recovery. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.