Defendant Name:
J.P. Turner & Company, LLC
Defendant Type:
Other
Document Reference:
id395rgm
Document Details
Legal Case Name
In the Matter of J.P. Turner & Company, LLC
Document Name
Initial Decision
Document Date
19-May-2010
Document Format
Administrative Proceeding
File Number
3-13550
Administrative Law Judge
Robert G. Mahony
Allegation Type
Broker Dealer
Document Summary
"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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$65,000.00
Shared: