TAG | FINRA arbitrations
J.P. Turner & Company is a relatively new firm. It was founded in 1997 by Tim McAfee and Bill Mello. It has 160 independent branch offices and more than 530 financial advisors throughout the country.
In FINRA’s broker reports, J.P. Turner & Company has been named in numerous regulatory and customer complaints. Through August 12, 2009, J.P. Turner & Company had been named in 21 arbitrations and was the subject of 15 “regulatory events.” As an example, in June 2009, they had a fine of $525,000 and findings that J.P. Turner & Company failed to establish and implement policies and procedures reasonable designed to detect and cause the reporting of suspicious activity as if related to the activities of one former broker. It also found that J.P. Turner & Company failed to obtain required customer information.
Customer complaints against J.P. Turner & Company vary but they include alledged allegations of securities fraud regarding claims of unsuitability, churning, margin, negligence, and breach of fiduciary duty.
Many of these investments were sold by stock brokers and financial advisors around the country. This allows us to pursue a claim on your behalf before the Financial Industry Regulatory Authority nationwide. Call now for a free consultation.
If you feel you are a victim of these alleged fraudulent schemes of J.P. Turner & Company LLC, call a Securities arbitration lawyer for a free consultation on how to recover your losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA and the Financial Industry Regulatory Authority.
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