.Secretary Cox: J. P. Turner Brokerage Enters
Into Consent Order For Compliance Violations
For Immediate Release FFI Contact: Chris Riggall
September 14, 1999 404.656.5792
Firm Pays State $30,000 Fine, $12,500 in Investigative Costs
Secretary Cox: J. P. Turner Brokerage Enters
Into Consent Order For Compliance Violations
ATLANTA, GA September 14, 1999 … Atlanta-based securities brokerage firm J. P. Turner & Company has signed a Consent Order with the office of Secretary of State Cathy Cox after state securities regulators alleged the firm had violated compliance procedures. As part of the agreement the brokerage will pay the state a $30,000 fine and $12,500 in investigative costs.
Secretary Cox said the violations were primarily technical in nature. As part of the settlement, the firm has extensively revised its compliance manual governing trades, sales practices, customer complaints and other aspects of the firm’s operations.
The Secretary of State’s investigation found that the firm’s Director of Compliance had not, in the past, been properly registered and that the identification of some securities sales representatives on printed materials was misleading.
Press Office ~ 110 State Capitol ~ Atlanta, GA 30334 ~ 404.656.4269 FAX: 404.657.5804 |
