An investor complaint against Hilltop Securities advisors Brad Winges (CRD# 1929509) and Steve Coma (CRD# 1414147) alleges eight-figure damages. Financial...Read More
John Nguyen: 7-Figure Complaint Against Crown Capital Rep
Placentia, California-based broker and investment adviser John Nguyen (CRD# 4919629) has received a pending investor complaint alleging losses of $1 million to $5 million. According to records provided by the Financial Industry Regulatory Authority (FINRA), Nguyen is currently a registered representative of Crown Capital Securities.
John Nguyen’s FINRA-maintained BrokerCheck report lists a single pending customer complaint against him. Filed in February 2021, the complaint alleges that as a representative of SCF Securities and Crown Capital Securities, John Nguyen over-concentrated securities in the account, made misrepresentations and omissions of material facts, and recommended unsuitable alternative investments and fixed annuity investments. The pending complaint alleges damages between $1 million to $5 million.
In a “Broker Comment” on the disclosure, he said: “All investment recommendations were suitable based on the clients shared information and objectives at the time. Many investments were discussed and offered, the ones chosen by the client were deemed suitable based on the client financial profile, risk tolerance, experience, and time horizon.”
According to Financial Industry Regulatory Authority records, John Nguyen holds 16 years of experience in the securities industry. He has been registered with Crown Capital Securities in Placentia, California since 2016 and with FIT Strategic Advisors in Placentia, California since 2019. His previous registrations include SCF Investment Advisors in Fresno, California; SCF Securities in Placentia, California; and World Group Securities in Duluth, Georgia. He has passed six securities industry qualifying examinations: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Investment Company Products/Variable Contracts Principal Examination, or Series 26. He currently holds four state securities licenses: Alabama, California (where he is registered as a broker and an investment adviser), and Colorado. (Information current as of June 10, 2021.)