Articles Tagged with John Jumper

AdobeStock_9577728-1-300x200John Jumper, a former Memphis, Tennessee-based broker-dealer has been indicted on federal charges of embezzling $5.7 million from a Pennsylvania company’s employee pension fund. Federal prosecutors in Williamsport, Pennsylvania and securities regulators in Atlanta jointly issued news releases announcing charges against him. The criminal indictment in the state accuses John Jumper of forging signatures on fraudulent documents to transfer money out of the pension fund. It alleges he used the money to make unauthorized loans and to pay off $1.2 million in personal loans and legal expenses. Allegedly, John Jumper stole from the Snow Shoe Refractories Employee Pension Plan for Hourly Employees, which included about 129 active and retired employees of a maker of fire brick, Snow Shoe Refractories. John Jumper was indicted on four counts of wire fraud, three counts of embezzlement from an employee pension benefit plan and five counts of false statements and concealment of facts in pension benefit plan records. Jumper allegedly funneled $3 million from the fun into American Tubing Arkansas, an air-conditioning parts maker. He could face up to 65 years in prison if convicted on the criminal charges.
John Jumper, according to his online BrokerCheck report with the Financial Industry Regulatory Authority (FINRA), was previously registered with Duncan-Williams, Coastal Securities, Penson Financial Services, Samco Capital Markets and Alluvion Securities in Memphis, Tennessee from September 2007 until February 2017. He has four regulatory matters against him and two judgments/liens. He has been permanently barred from acting as a broker or otherwise associating with a broker-dealer firm. Please call our securities laws offices today if you suffered losses with John Jumper. We may be able to help you reclaim those losses on a contingency fee basis.

AdobeStock_123495998-1-300x197Stoltmann Law Offices is investigating John Jumper, a former broker. Mr. Jumper was recently barred by the Financial Industry Regulatory Authority (FINRA) after he failed to respond to an investigation against him regarding allegations that he misappropriated funds from a pension plan. This is against securities rules and regulations. According to his online, FINRA BrokerCheck report, Mr. Jumper was registered previously with Duncan-Williams in Memphis, Tennessee from December 1999 until March 2002, Coastal Securities in Houston, Texas from March 2002 until July 2004, Penson Financial Services in Dallas, Texas from July 2004 until May 2006 and Samco Capital Markets in Memphis from May 2006 until August 2007. He has been permanently barred from the industry. Please call 312-332-4200 today to speak to an attorney about your options of recovering your investment losses. The call is free.

Did you lose money with Lowell S. Wilson or John S. Jumper with Alluvion Securities? If so, please contact our securities law office at 312-332-4200 to speak to an attorney. We may be able to help you recover any financial losses you may have suffered with Wilson, Jumper, and their company, Alluvion Securities. We sue firms such as Alluvion Securities in the Financial Industry Regulatory Authority (FINRA) arbitration process for not adhering to industry standards and rules. The call is free with no obligation.

According to a disciplinary proceeding conducted by FINRA, from September 5, 2012 through October 8, 2013, Alluvion Securities failed to maintain required minimum net capital while conducting its securities business, through its Chief Executive and Compliance Officer, John Jumper, and its Chief Financial Officer and Operations Principal, Lowell Wilson. Jumper and Wilson are accused of failing to establish, enforce and maintain a supervisory system, including written supervisory procedures, designed to achieve compliance with the requirements of FINRA rules. Wilson was terminated from the firm on December 24, 2014. Wilson is no longer associated with any FINRA member firm. Jumper is currently registered with FINRA and associated with Alluvion.

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