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Luke Michael Johnson, currently Managing Director for Prime Capital Investment Advisors in Paradise Valley in the Scottsdale area, is named in over a dozen pending disputes by investors seeking damages for losses they allegedly suffered while working with him. Johnson was also the president of Legend Capital Group and a former Capital Securities broker where he worked for seven years.
There are 19 disclosures on his BrokerCheck record. The majority of these are investor claims, with a number of them requesting damages that are in the six- or seven-figures.
If you suffered losses while working with ex-Coastal Securities registered representative Luke Johnson, contact Shepherd Smith Edwards and Kantas (SSEK Law Firm) today and request a free consultation to explore your legal options.
According to BrokerCheck, Johnson has worked in the industry for 15 years. Disclosures of note on his record include:
Although his BrokerCheck record doesn’t specify which investments Johnson may have unsuitably recommended to customers, there are investors that have accused him of selling GPB private placements. These investments were issued by GPB Capital Holdings, an alternative investment firm that is accused of running an over $1.8B Ponzi scam. Thousands of investors have lost money in the GPB Funds.
Luke Johnson founded Legend Capital Group and he was a senior wealth advisor with that firm from 2006 to 2020. Other firms that he used to be registered with include Summit Brokerage Services, Carillon Investments, and Robert W. Baird & Co.
SSEK Law Firm represents investors who have lost money due to unsuitable investment recommendations, including those involving private placements such as those issued by GPB Capital Holdings.
Should we decide to work together, our skilled securities fraud attorneys will be there with you every step of the way in building a solid FINRA arbitration claim to try to recover your losses. Contact us today.