The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker John Jumper. John Jumper was a Tennessee based securities broker. He worked in the securities industry for seventeen years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Duncan-Williams (1999-2002)
  • Coastal Securities (2002-2004)
  • Penson Financial Services (2004-2006)
  • Samco Capital Markets (2006-2007)
  • Alluvion Securities (2007-2017)

The Allegations

According to John Jumper’s publicly available FINRA BrokerCheck report, he is facing pending criminal charges. According to the United States Securities and Exchange Commission, John Jumper allegedly stole $5.7 million from a the pension plan of a Pennsylvania company. According to the SEC’s report, Jumper forged documents that included fake Board of Directors resolutions in order to steal the funds. He allegedly used these funds to fund other businesses that he owned, to repay personal debts, and even invest in another business that paid a significant fee to a broker-dealer that Jumper co-owned. Jumper was forced to repay the $5.7 million in disgorgement. John Jumper is facing criminal charges of Embezzlement & Theft From Employee Pension Benefit Plan, False Statements/Concealment of Facts in Employee Pension Benefit Plan Records, and Wire Fraud.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with John Jumper, please contact Oakes & Fosher for a free and private consultation. We handle cases on a contingency basis, which means there are no fees charged unless we collect for you.