J.P. Turner & Company
Meyer Wilson Investment Law Attorneys Uphold Your Rights
J.P. Turner & Company is a full-service investment banking, advisory
services and brokerage firm. The company was founded by Bill Mello and
Tim McAfee in 1997 and has grown to have more than 150 offices nationwide.
As of 2014, it numbers nearly 300 representatives. J.P. Turner & Company
is headquartered in Atlanta, GA.
Because J.P. Turner & Company is licensed by the Financial Industry
Regulatory Authority (FINRA), they are legally obligated to ensure that
their brokers are conducting transactions ethically, honestly, and transparently.
They are required to ensure this through regular monitoring and detailed
supervision. If one of their brokers is found to have caused a client
major losses through negligence or fraud, FINRA allows investors to hold
J.P. Morgan & Co. legally responsible for repaying any assets lost
as a result of their lack of oversight.
Supervision Failure and Excessive Trading
As a smaller firm (relatively), J.P. Turner & Co. should have a reasonably
easier time providing supervision over its brokers. That may account for
its relatively low amount of activity in the past few years—however,
there is an incident that may be troubling to potential and current investors.
In 2011, a J.P. Turner broker repeatedly showed signs of fraudulent, unethical
trading, but his supervisor did nothing to stop him. Despite multiple
reports of troubling behavior, the broker was given only mild warnings
that he quickly worked around. After a year of excessive trading, still
nothing was done on behalf of the broker’s client. In the end, the
client suffered $120,000 in losses due to excessive trading. J.P. Turner
and the supervisor were fined $25,000 and were forced to pay a $72,500
settlement to the client.
Our Attorneys Can Help Win Back Your Investment
If a J.P. Turner & Company investment broker caused you significant
losses, either through fraud or negligence, FINRA has granted you the
right to hold them legally and financially liable for lost assets. However,
FINRA is a policing agency and will not fight for your rights—that’s
where Meyer Wilson steps in. Our investment fraud lawyers have the skill,
resources, and experience to go up against investment firms, no matter
how big or well-prepared. Our entire firm’s sole aim is helping
clients like you recover your assets. That’s how we managed to
secure $350 million for our clients. If you reach out to us, we can help you determine your options and your
Do not let your losses stay lost. Contact us for a
free case evaluation.