John Henry Swon, Formerly of Royal Alliance Associates, Barred by FINRA Following Refusal to Produce Information

FINRA launched an investigation into Swon after allegations that he misappropriated client funds.

John Henry Swon (CRD#: 5591686) was registered as a broker with Royal Alliance Associates from 2012 until 2021. Previously, Swon was registered as a broker with NYLife Securities from 2010 until 2012. 

Swon has four disclosures on his BrokerCheck report. 

July 2021 Regulatory Judgment

• Status: Final
• Initiated By: FINRA
• Allegations: Without admitting or denying the findings, Swon consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with its investigation concerning allegations in a customer complaint that he misappropriated funds. The findings stated that this matter originated from a Uniform Termination Notice for Securities Industry Registration (Form U5) that Swon’s member firm filed noting that he violated its policies regarding disclosure and approval of outside business activities (OBAs).
• Resolution: Acceptance, Waiver & Consent (AWC)
• Sanctions: Bar
• Registration Capacities Affected: All Capacities
• Duration: Indefinite
• Start Date: 7/6/2021

April 2021 Employment Separation After Allegations

• Firm Name: Royal Alliance Associates, Inc.
• Termination Type: Discharged
• Allegations: The representative violated the firm’s policies regarding disclosure and approval of outside business activities.

April 2021 Employment Separation After Allegations

• Firm Name: Focus Financial
• Termination Type: Discharged
• Allegations: The advisory representative violated the firm’s policies regarding disclosure and approval of outside business activities.

November 2020 Customer Dispute

• Status: Pending
• Allegations: Client alleges that the representative “misappropriated or otherwise mismanaged funds entrusted to him” as an investment advisory representative of Focus Financial Network, Inc.
• Damage Amount Requested: $110,000.00

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding John Henry Swon. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.