Our attorneys are investigating former Maryland-based RBC Capital Markets, LLC (CRD# 31194) broker John S. Simpson (CRD# 719367) after multiple complaints alleging securities violations concerning the energy, oil and gas sector were settled.
According to Simpson’s FINRA BrokerCheck report, FINRA barred Simpson in December 2016 after he failed to respond to a FINRA inquiry. The inquiry and bar follow a string of settlements and a discharge from RBC Capital Markets.
RBC Capital Markets discharged Simpson in January 2016 after Simpson allegedly made discretionary transactions in client accounts. Following RBC Capital Markets’ discharge, five (5) FINRA arbitration complaints were settled against Simpson. Most of the settlements alleged unauthorized trading.