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Luke Johnson Formerly With Coastal Equities, Inc. Has 25 Customer Complaints For Alleged Broker Misconduct

Who is Luke Johnson formerly with Coastal Equities, Inc.?

Luke Johnson

Luke Johnson (CRD #3257008) who was formerly registered with Coastal Equities, Inc. and located in Scottsdale, Arizona, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Coastal Equities, Inc., Luke Johnson was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Luke Johnson Customer Complaints

Luke Johnson has been the subject of 25 customer complaints that we know about to recover investment losses. Twenty of the customer complaints were settled in the investor’s favor. Two customer complaints were denied and the investors took no further action. There are 3 customer complaints still pending and FINRA arbitration proceedings.

Allegations Against Luke Johnson

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendation of REITs and other direct investments.
  • Recommendation of alternative investments were unsuitable.
  • Failure to conduct adequate due diligence on certain investments prior to recommendation.
  • Misrepresentation of alternative investments.
  • Breach of fiduciary duty.
  • Negligent management of the portfolio.
  • Misrepresentations and omissions of fact in the solicitation of certain private placement investments.

Luke Johnson Red Flags & Your Rights As An Investor

Of course, Luke Johnson did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Luke Johnson at Coastal Equities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Luke Johnson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Coastal Equities, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Coastal Equities, Inc. Due To Luke Johnson

If you have questions about Coastal Equities, Inc. and/or Luke Johnson and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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