Craig Holmes Johnson is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 2705 MILL BAY ROAD STE 201, KODIAK, AK, 99615.
Craig Holmes Johnson has worked at EDWARD JONES since July 28, 1998
Disclosure History
Craig Holmes Johnson has 1 Disclosure Event(s).
Date: August 29, 2001 Category: Customer Dispute Allegations: CLIENT STATES HE INFORMED JOHNSON HE ONLY HAD 1 1/2 - 2 YEAR TIMEFRAME WITH WHICH TO INVEST HIS MONEY. CLIENT STATES JOHNSON RECOMMENDED HE INVEST $250,000 INTO MUTUAL FUNDS. THE CLIENT STATES HE INVESTED OVER $600,000 WITH EDJ, STATE HE HAS LOST OVER $300,000 AND PAID OVER $30,000 IN COMMISSION. THE CLIENT STATES JOHNSON RECOMMENDED HE HOLD ONTO HIS INVESTMENTS AS THE MARKET WAS DECLINING STATING HE BELIEVED IT WOULD REBOUND. THE CLIENT FURTHER STATES JOHNSON SHOULD HAVE ADVISED HIM TO SELL IN FEB 2001 WHEN THE MARKET HAD REBOUNDED PARTIALLY. Damage Amount Requested: $300,000.00 Broker Comment: JOHNSON DOES NOT RECALL ANY CONVERSATIONS WITH THE CLIENT IN REGARDS TO HIS SHORT TERM TIME HORIZON. MR. JOHNSON STATED HE INFORMED THE CLIENT HE SHOULD EXPECT 8-10% RETURNS ON THE MUTUAL FUNDS THE CLIENT INVESTED AND DID NOT PROMISE THE HIGH SHORT TERM RETURNS INDICATED IN THE PUTNAM BROCHURE. ACCORDING TO MR. JOHNSON, THE CLIENT WANTED TO INVEST AGGRESSIVELY AND RECEIVED MANY OF HIS STOCK IDEAS FROM TELEVISION INVESTMENT PROGRAMS. ON NUMEROUS OCCASIONS JOHNSON EMPHASIZED DIVERSIFICATION AND MOVING TO THE EDWARD JONES PHILOSOPHY OF BUY AND HOLD. MR. JOHNSON HAD ASKED THAT THE CLIENT MOVE HIS ACCOUNT DUE TO HIS AGGRESSIVE INVESTING HABITS AND NOT FOLLOWING THE JOHNSON'S RECOMMENDATION OF NOT PUTTING ALL OF HIS EGGS IN ONE BASKET. ANY REQUEST FOR LOSSES ASSOCIATED WITH THE CLIENTS ACCOUNT WERE DENIED.
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