Wes Johnson: $400K Complaint Against ACT Advisor

Mount Pleasant, South Carolina financial advisor Wes Johnson (CRD# 4545355) allegedly made unsuitable investment recommendations, according to a recent investor complaint. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former LPL Financial broker is currently registered as an investment advisor with ACT Advisors.

Mr. Johnson’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of ACT Advisors, he recommended unsuitable equity listed securities between September 2021 and March 2023. The pending complaint alleges damages of $400,000.

ACT Advisors’ website includes a profile of Mr. Johnson that describes his background and services. “Wes specializes in helping conservative people manage their wealth and design their future,” it explains. “Wes worked with CUNA Mutual for 8 years as an employee advisor. Then, in 2013, he left to cofound the firm ACT Advisors, a fee-only Registered Investment Advisor (RIA). ACT Advisors focuses on enabling clients to pursue their dreams through excellence in investment management, world-class financial planning, and compassionate engagement.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Wes Johnson holds 21 years of securities industry experience. Based in Mount Pleasant, South Carolina, he has been registered as an investment advisor with ACT Advisors since 2014. His past registrations include LPL Financial, CUNA Brokerage Services, BB&T Investment Services, and UBS Financial Services. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, North Carolina, South Carolina, and Washington. (Information current as of May 31, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.