Posts belonging to Category J P Turner

JP Turner Brokers Accused of Over-Trading Customer Accounts


Three former brokers at Atlanta-based securities brokerage firm JP Turner excessively traded (“churned”) customer accounts in order to produce $845,000 in commissions and fees for themselves and the firm, leaving those customers with $2.7 million in losses, according to the SEC.

SEC Sanctions JP Turner for Compliance and Supervisory Derelictions


The SEC has charged Atlanta-based securities brokerage firm JP Turner & Company, as well as its executive vice-president and head of supervision, Michael Bresner, and its president William Mello, with compliance violations and failure to supervise. JP Turner and Mello have reportedly agreed to settle with the SEC, but administrative proceedings remain pending against three […]