Articles Tagged with Principal Securities

FINRA Suspended Ex-Iowa Stockbroker in 2018 For Selling Away

John Michael Krohn, a former Iowa broker with Principal Securities, is named in three customer disputes in which the claimants are collectively pursuing over $39.2M in damages for losses they sustained while working with him. 

The investors contend that Krohn engaged in selling away, which involves offering them investments that his then-brokerage firm of record never approved. They are pursuing damages against Principal Securities, where Krohn was a registered representative for 20 years.