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Joel Johnson: Ex-Silver Oak Advisor Had $100K Investor Complaint
Recent investor complaints against Wethersfield, Connecticut financial advisor Joel Johnson (CRD# 1941908) allege that he recommended unsuitable alternative investments. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Silver Oak Securities broker is currently an investment advisor with Johnson Brunetti.
Mr. Johnson’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in August 2022, alleges that as a representative of Silver Oak Securities, he recommended unsuitable “high-risk, non-publicly traded, illiquid, alternative investments.” The complaint alleged damages of $100,000 and was denied by the firm.
A second investor complaint, filed in November 2021, similarly alleges that he recommended unsuitable, speculative, and illiquid alternative investments while at Silver Oak Securities. The pending complaint alleges unspecified damages. In a statement regarding the disclosure, Mr. Johnson defended himself against the allegations, describing the claims as “false.”
A third investor complaint, filed in December 2021, also alleged that he recommended unsuitable alternative investments as a Silver Oak Securities representative. The complaint alleged damages of $80,000 and was denied by the firm.
According to the Financial Financial Industry Regulatory Authority and the Securities and Exchange Commission, Joel Johnson holds 30 years of securities industry experience. Based in Wethersfield, Connecticut, he has been an investment advisor with Johnson Brunetti since 2014. He is not currently registered as a broker. His past registrations include Silver Oak Securities, ING Financial Partners, USAllianz Securities, MetLife Securities, Metropolitan Life Insurance Company, Northwestern Mutual Investment Services, Robert W. Baird & Company, AAL Capital Management Corporation, First Montauk Securities Corporation, Chatfield Dean & Company, and the Stuart-James Company. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed as an investment advisor in Connecticut, Georgia, and Massachusetts. (Information current as of September 7, 2022.)
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