Defendant Name: J.P. Turner & Company, LLC

Defendant Type: Other

Initial Case Details

Legal Case Name In the Matter of J.P. Turner & Company, LLC
First Document Date 17-Jul-2009
Initial Filing Format Administrative Action
File Number 3-13550
Allegation Type Broker Dealer

Violations Alleged

Rule 30(a) Regulation S-P


First Resolution Date 17-Jul-2009
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-60325-o 17-Jul-2009 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934
On July 17, 2009, the SEC instituted administrative and cease-and-desist proceedings against J.P. Turner & Company, LLC. According to the SEC: "Between July 1, 2001 and approximately mid-September 2006, J.P. Turner failed to adopt and implement policies and procedures designed reasonably to safeguard customer records and information as required by Rule 30(a) of Regulation S-P (the 'Safeguard Rule') (17 CFR § 248.30(a)). During the relevant period, J.P. Turner employed hundreds of independent contractor registered representatives who worked from multiple branch offices located throughout the United States. Because it never complied with the Safeguard Rule, J.P Turner, among other things, never gave its numerous branch managers or registered representatives guidance on how to protect customer records or how to dispose properly of such records when they were no longer needed. This lack of guidance became apparent in September 2006 when the account records of over 5,000 brokerage customers of J.P. Turner were left abandoned for several weeks at curbside outside of the former home of a J.P. Turner registered representative in Alpharetta, Georgia."
34-60325 17-Jul-2009 Administrative Proceeding
Administrative Proceeding File No. 3-13550
The SEC announced: "the issuance of an Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 (Order) against J.P. Turner and Company, LLC ("J.P. Turner")."
id395rgm 19-May-2010 ALJ Initial Decision
Initial Decision
"J.P. Turner failed to adopt written policies and procedures required by the Safeguard Rule from July 2005 through September 2006. The minimal written documentation that J.P. Turner had that referred to safeguarding customer records and information was not sufficient to met the standard set by the Safeguard Rule that policies and procedures be reasonably designed for the security and protection of customer information. Furthermore, J.P. Turner's continued publication of its Written Supervisory System & Procedures manuals containing incomplete and deficient safeguarding policies and procedures demonstrate that J.P. Turner's violation of the Safeguard Rule was willful."
34-62313 17-Jun-2010 Administrative Proceeding
Notice That Initial Decision Has Become Final
On June 17, 2010, the SEC gave notice that, "the initial decision of the administrative law judge has become the final decision of the Commission with respect to J.P. Turner & Company, LLC."

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