fbpx
 

Who is Luke Johnson? | GPB Capital Lawsuit

[UPDATE] As of January 2020, Luke Johnson is no longer registered as a broker, according to FINRA’s Broker Check. He is also the subject of 4 additional disclosures since our last review, all of which were added to this page.

 

Luke Johnson founded Legend Capital Group, Inc. in 2006. He is a registered broker with Coastal Equities, Inc. since 2012. According to FINRA’s BrokerCheck, he has been the subject of 7 disclosures, including 3 customer disputes that are still pending.

 

Peiffer Wolf is currently investigating claims against Luke Johnson of Legend Capital Group. Luke Johnson is a registered broker with Coastal Equities.

 

Luke Johnson is the President/CEO of Legend Capital Group, in Scottsdale, Arizona. Currently, he has pending customer disputes for misrepresentation and omissions of facts, negligent management of portfolio and unsuitable recommendations. If you are/were a client of Luke Johnson, Contact Us Today by calling 888-390-6491 or by filling out an online contact form for a FREE Consultation.

Luke Johnson | Legend Capital Group & Coastal Equities

 

According to FINRA’s BrokerCheck, Luke Johnson has been the subject of 11 disclosures:

 

  • December, 2019: Customer Disputer – Pending. Allegations: “Financial adviser’s recommendations of alternative investments were unsuitable.”
  • November, 2019: Customer Disputer – Pending. Allegations: “Unsuitable investment recommendations, misrepresentation, and breach of fiduciary duty.”
  • November, 2019: Employment Separation After Allegations – Discharged. “Registered Representative failed to follow firm policy by failing to timely forward a customer complaint to his supervisor and compliance, and by inconsistently stating a customer’s liquid net worth on client disclosure documents.”
  • November, 2019: Customer Disputer – Pending. Allegations: “Financial adviser’s recommendations of alternative investments were unsuitable.”
  • September, 2019: Customer Dispute – Pending. Allegations: “Mr. Johnson made an unsuitable recommendation of one product in approximately 2015.”
  • August, 2019: Customer Dispute – Pending. Allegations: “Management of the portfolio was negligent and that certain investments made between January 2015 and the present were unsuitable.”
  • June, 2019: Customer Dispute – Pending. Allegations: “In 2017-2018, the firm made misrepresentations and omissions of fact to claimants in soliciting the sale of certain private placement investments. Claimants also allege that the firm was negligent in not rejecting the product for sale during its due diligence process.”
  • September, 2018: Customer Dispute – Settled. Allegations: “Financial adviser’s recommendations of alternative investments were unsuitable […] three securities in the client’s advisory portfolio were unsuitable for the client.”
  • June, 2018: Customer Dispute – Settled. Allegations: “Recommended unsuitable securities purchased in approximately 2015.”
  • August, 2017: Customer Dispute – Settled. Allegations: “Recommended unsuitable securities purchased in approximately 2015.”
  • February, 2005: Employment Separation After Allegations – Permitted to Resign. Allegations: “An internal review revealed that he signed the name of his office’s designated supervisor on four variable life insurance application forms.”

 

Prior to Coastal Equities, Luke Johnson was registered with Summit Brokerage Services, Carillon Investments, Northwestern Mutual Investment Services and Robert W. Baird & Co. Incorporated. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.

 

If you invested with Luke Johnson of Legend Capital Group, you should contact Peiffer Wolf and Meyer Wilson immediately for a FREE Consultation.

 

To review Luke Johnson’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/3257008

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Luke Johnson and the GPB Lawsuit

Multiple lawsuits have been filed and multiple regulatory matters have been initiated, alleging that GPB Capital Holdings has been engaged in wrongdoing.  A former GPB Holdings partner alleged that “GPB paid its investors significant returns based upon falsified financial information”.

 

Our investigation into the various GPB private placement funds includes, but is not limited to: GPB Automotive Portfolio LP, GPB Cold Storage LP, GPB Eurobond Finance PLC, GPB Holdings II LP, GPB Holdings III LP, GPB Holdings Qualified LP, GPB Holdings LP, GPB NYC Development LP, GPB Scientific LLC, GPB Waste Management LP, GPB Waste Management Fund LP, and many more.

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Based on our experience, we believe that there are more investors who have been the victims of Luke Johnson’s alleged broker misconduct and investment fraud. If you invested with Luke Jonhson of Legend Capital Group, you should  contact Peiffer Wolf and Meyer Wilson immediately for a FREE Consultation.

 

Learn more about the GPB Investor Lawsuit here: https://gpblawyer.com/gpb-investor-lawsuit/

 

Peiffer Wolf and Meyer Wilson are currently investigating Luke Johnson’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation888-390-6491.

Get a FREE case Evaluation.

    GPB Brokers in the news

    Brokercheck®️ report: Luke Johnson

    Information about this broker was obtained from FINRA’s BrokerCheck on January 13, 2020. You should always review the BrokerCheck report directly for the most updated information. If you believe that information on this page is incorrect, please contact us.

    GPB Lawsuit | FREE Consultation | 888-390-6491

     

    Peiffer Wolf and Meyer Wilson are currently investigating claims for anyone who has invested in any GPB Capital fund. If you or someone you know invested in any GPB Capital fund, Contact Us Today by calling 888-390-6491 or by filling out an online Contact Form for a FREE Consultation.

    If you invested in any GPB Capital Fund, Contact us Today for a FREE Case Evaluation.