What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: February 22, 2016

According to a Financial Industry Regulatory Authority (FINRA) Order Accepting Offer of Settlement on Thursday, George Johnson submitted the Offer. Allegedly, while registered with Meyers Associates as a representative, Johnson engaged in market manipulation, dissemination of spurious “research” and sales materials, fraudulent omission of material conflicts of interest in connection with the purchase and sale of a security, unauthorized disclosure of confidential, non-public material information concerning a securities offering and falsification of firm records. Between May 15, 2012 and May 24, 2012, he is accused of manipulating the market for the common stock of IceWEB Inc., by soliciting customers to buy and sell stock at increasingly higher and artificially inflated prices. He also allegedly sent materials concerning IceWEB stock that were misleading, exaggerated and unsupported claims. He also failed to disclose material information. He also allegedly intentionally misidentified the broker of record on five account applications and over 100 order memoranda submitted to Meyers in an attempt to cover up his violations of state registration requirements. All of these are against securities rules and regulations.

Johnson was registered with HJ Meyers & Co., American Fronteer Financial Corporation, Auerbach, Pollack & Richardson Inc., Stifel, Nicolaus & Co., Garden State Securities, Jesup & Lamont Securities Corp, Anderson & Strudwick and Meyers Associates in Chicago, Illinois from November 2011 until May 2013. He is currently registered with Newport Coast Securities in Chicago and has been since April 2013. He has seven customer disputes against him, one of which is currently pending. Please call our Chicago-based securities law firm to speak to an attorney for free if you are interested in bringing a claim against his former firm, Meyers Associates. They may be responsible for investment losses, as the firm had a duty to supervise him while he was registered there. We take cases on a contingency fee basis only, which means we only make money if you recover. Please call today.


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