FINRA

WILLFULLY VIOLATED SECTION 10(B) OF THE SECURITIES EXCHANGE ACT OF 1934, SEC RULE 10B-5, VIOLATED FINRA RULES 2010, 2150(A), NASD RULES 2110, 2120, 2330(A) - WILLIAM JOHNSON RECEIVED APPROXIMATELY $47,000 FROM A CUSTOMER AFTER JOHNSON MADE THE REPRESENTATION, WHICH WAS FALSE, THAT HE WOULD USE THE FUNDS TO PURCHASE CORPORATE BONDS FOR THE CUSTOMER. JOHNSON ACCEPTED THE FUNDS, DEPOSITED THEM INTO A BANK ACCOUNT UNDER HIS CONTROL AND MADE IMPROPER USE OF THE FUNDS WHICH INCLUDED PAYMENT OF PERSONAL EXPENSES AND NEVER PURCHASED THE CORPORATE BONDS. JOHNSON RECEIVED APPROXIMATELY $53,000 FROM A CUSTOMER AFTER HE MADE THE REPRESENTATION, WHICH WAS FALSE, THAT HE WOULD USE THE FUNDS TO PURCHASE A CERTIFICATE OF DEPOSIT (CD) FOR THE CUSTOMER BUT MADE IMPROPER USE OF THE FUNDS WHICH INCLUDED PAYMENT OF PERSONAL EXPENSES AND NEVER PURCHASED THE CD. JOHNSON'S MISREPRESENTATION TO HIS CUSTOMER AND IMPROPER USE AND CONVERSION OF HIS CUSTOMER'S FUNDS, CONSTITUTED A FAILURE IN THE CONDUCT OF HIS BUSINESS TO OBSERVE HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUITABLE PRINCIPLES OF TRADE.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

6/26/2012

WITHOUT ADMITTING OR DENYING THE FINDINGS, JOHNSON CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE, HE IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY. THIS SETTLEMENT INCLUDES A FINDING THAT JOHNSON WILLFULLY VIOLATED SECTION 10(B) OF THE SECURITIES ACT OF 1934 AND SEC RULES 10B-5 THEREUNDER. PURSUANT TO ARTICLE III, SECTION 4 OF FINRA'S BY-LAWS, THIS MAKES JOHNSON SUBJECT TO A STATUTORY DISQUALIFICATION WITH RESPECT TO ASSOCIATION WITH A MEMBER.

FLORIDA DIVISION OF SECURITIES AND INVESTOR PROTECTION

Not Provided

Decision

Revocation/Expulsion/Denial

ON 3/20/1990, WILLIAM T. JOHNSON, JR. FILED A NOTICE OF VOLUNTARY DISMISSAL WITH THE DEPARTMENT OF BANKING AND FINANCE, IN WHICH HE REQUESTED THE DISMISSAL OF HIS 9/15/89 PETITION FOR FORMAL HEARING. THEREFORE, THE 8/22/89 DENIAL OF HIS APPLICATION AS AN ASSOCIATED PERSON OF INTEGRATED RESOURCES EQUITY CORPORATION IS FINAL.

SINCE I WAS PART OWNER OF A BRANCH OFFICE I SIGNED NEW ACCOUNT FORMS AS THE BROKER FOR THOSE PERSONS WAITING TO BE TAT FROM FIRST JERSEY SECURITIES.

MAINE

WILLIAM THOMAS JOHNSON OFFERED AND SOLD UNREGISTERED SECURITIES IN A STATE IN WHICH HE WAS NOT LICENSED TO DO BUSINESS. JOHNSON ALSO MADE MISREPRESENTATIONS IN CONNECTION WITH THE OFFER AND SALE OF A SECURITY. THE FORM U6 INDICATES THAT HE WAS BARRED FROM SELLING SECURITIES IN MAINE.

Decision

Bar (Permanent)

ON AUGUST 6,2009, THE ST.OF MAINE SECURITIES ADMINISTRATOR LIFTED THE BAR AGAINST JOHNSON, WHICH WAS ISSUED IN 1988. THE ADMINISTRATOR FOUND THAT BECAUSE JOHNSON HAS NOT BEEN THE SUBJECT OF ANY NEW DISCIPLINARY ACTIONS IN CONNECTION WITH HIS SECURITIES ACTIVITY SINCE 1989 AND HAS NOW RESPONDED TO THE 1988 LETTER FROM THE MAINE SECURITIES DIV., IT IS NO LONGER IN THE PUBLIC INTEREST OR NECESSARY FOR THE PROTECTION OF INVESTORS TO MAINTAIN THE BAR AGAINST HIM.