Broker Alert: John Simpson, former RBC Capital broker and financial advisor

Finra on December 9, 2016 barred two former brokers for violating firm policies, one from RBC Capital Markets and one from J.P. Morgan Securities.

John Simpson, who has been registered with Finra since 1980 and worked at RBC from March 2009 to February 2016, was fired for “violation of firm policy regarding use of discretion in client accounts.”  Discretion is an important concept for brokerage firms.

According to Finra documents, Mr. Simpson accepted a settlement, but refused to appear before Finra in October to testify. Mr. Simpson’s lawyer was not immediately available for comment.

RBC Capital stockbroker and financial advisor John Simpson had a long career at RBC Capital.  If you had an account with Mr. Simpson at RBC Capital, and you had losses, you really owe it to yourself to investigate whether those losses are recoverable.

If you have losses in your account, with this financial advisor, call (888) 986-7199 or write the investment recovery lawyers at StockBrokerLawyer.com for a free no-cost consultation.  We can help recover your losses and seek other damages, too.

You can use the email form or chat on StockBrokerLawyer.com   You may be entitled to recover  your losses.   We work on contingency: we are paid only when you are paid.   Time is limited; delay is the favorite defense of the brokerage firms.   Call 888-986-7199 now to speak to an attorney for a no cost evaluation.