Close Menu
Free Consultation: 888-976-6111

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.)

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Trey Trapp: Mutual Fund Complaint Against Ex-Edward Jones Advisor

    Atlanta financial advisor Trey Trapp (CRD# 6177720) allegedly lied to a customer about his investments, according to a recent investor...

    Read More
  • Trevin Kent: Central Coast Advisor Faces $230K Complaint

    A recent investor complaint against Monterey, California financial advisor Trevin Kent (CRD# 6096717) alleges that his investment advice resulted in...

    Read More
  • Bart Cutino: $230K Bond Complaint Against Central Coast Advisor

    Monterey, California financial advisor Bart Cutino (CRD# 5397147) recently received an investor complaint alleging that he provided unsuitable advice. Financial...

    Read More
  • Maria Mayer: BTC Pactual Advisor Resigned from Credicorp Capital

    Miami financial advisor Maria Mayer (CRD# 5396408) recently resigned from her former broker-dealer firm in connection with alleged rule violations....

    Read More
  • Previous
  • Next