{"id":6030,"date":"2018-06-01T17:53:41","date_gmt":"2018-06-01T21:53:41","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=6030"},"modified":"2018-06-01T17:53:41","modified_gmt":"2018-06-01T21:53:41","slug":"coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/","title":{"rendered":"Coastal Equities Broker Luke Johnson Under Investigation for Unsuitable Non-traded REIT Recommendations"},"content":{"rendered":"<p>Silver Law Group is investigating Wilmington, Delaware-based Coastal Equities, Inc. (CRD# 23769) broker <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/3257008\" target=\"_blank\">Luke Johnson (CRD# 461987)<\/a> for unsuitable recommendations in non-traded REITs, annuities and other illiquid investments.<\/p>\n<p>In August 2017, a Coastal Equities customer filed a FINRA arbitration alleging that Johnson recommended unsuitable securities purchased in approximately 2015.\u00a0 The FINRA arbitration complaint alleges $56,000 in damages.\u00a0 In 2005, Johnson\u2019s previous firm permitted Johnson to resign after he admitted that he signed the name of his office\u2019s designated supervisor on four (4) variable life insurance application forms which indicated an acceptable suitability review by the supervisor.<\/p>\n<p>Johnson operates under the name Legend Capital Group Inc. As part of his business under Legend Capital Group, he sells fixed insurance and annuity products for various insurance companies, according to his FINRA BrokerCheck report. He is also an investment advisor with Coastal Equities.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/\"  title=\"Continue Reading Coastal Equities Broker Luke Johnson Under Investigation for Unsuitable Non-traded REIT Recommendations\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group is investigating Wilmington, Delaware-based Coastal Equities, Inc. (CRD# 23769) broker Luke Johnson (CRD# 461987) for unsuitable recommendations in non-traded REITs, annuities and other illiquid investments. In August 2017, a Coastal Equities customer filed a FINRA arbitration alleging that Johnson recommended unsuitable securities purchased in approximately 2015.\u00a0 The FINRA arbitration complaint alleges $56,000 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[594],"tags":[860,861,859,171],"class_list":["post-6030","post","type-post","status-publish","format-standard","hentry","category-real-estate-investment-trusts","tag-coastal-equities","tag-legend-capital-group","tag-luke-johnson","tag-non-traded-reits"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coastal Equities Broker Luke Johnson Under Investigation for Unsuitable Non-traded REIT Recommendations &#8212; Securities Arbitration Lawyers Blog &#8212; June 1, 2018<\/title>\n<meta name=\"description\" content=\"Silver Law Group is investigating Wilmington, Delaware-based Coastal Equities, Inc. (CRD# 23769) broker Luke Johnson (CRD# 461987) for unsuitable &#8212; June 1, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Coastal Equities Broker Luke Johnson Under Investigation for Unsuitable Non-traded REIT Recommendations &#8212; Securities Arbitration Lawyers Blog &#8212; June 1, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Silver Law Group is investigating Wilmington, Delaware-based Coastal Equities, Inc. (CRD# 23769) broker Luke Johnson (CRD# 461987) for unsuitable &#8212; June 1, 2018\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Coastal Equities Broker Luke Johnson Under Investigation for Unsuitable Non-traded REIT Recommendations &#8212; Securities Arbitration Lawyers Blog &#8212; June 1, 2018","description":"Silver Law Group is investigating Wilmington, Delaware-based Coastal Equities, Inc. (CRD# 23769) broker Luke Johnson (CRD# 461987) for unsuitable &#8212; June 1, 2018","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/","twitter_card":"summary_large_image","twitter_title":"Coastal Equities Broker Luke Johnson Under Investigation for Unsuitable Non-traded REIT Recommendations &#8212; Securities Arbitration Lawyers Blog &#8212; June 1, 2018","twitter_description":"Silver Law Group is investigating Wilmington, Delaware-based Coastal Equities, Inc. (CRD# 23769) broker Luke Johnson (CRD# 461987) for unsuitable &#8212; June 1, 2018","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Coastal Equities Broker Luke Johnson Under Investigation for Unsuitable Non-traded REIT Recommendations","datePublished":"2018-06-01T21:53:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/"},"wordCount":397,"keywords":["Coastal Equities","Legend Capital Group","Luke Johnson","Non-traded REITs"],"articleSection":["Real Estate Investment Trusts"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/","url":"https:\/\/www.silverlaw.com\/blog\/coastal-equities-broker-luke-johnson-under-investigation-for-unsuitable-non-traded-reit-recommendations\/","name":"Coastal Equities Broker Luke Johnson Under Investigation for Unsuitable Non-traded REIT Recommendations &#8212; Securities Arbitration Lawyers Blog &#8212; June 1, 2018","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"datePublished":"2018-06-01T21:53:41+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Silver Law Group is investigating Wilmington, Delaware-based Coastal Equities, Inc. 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