Published on:

Michael Jump Terminated from Firm

Michael JumpPublic records published by the Financial Industry Regulatory Authority (FINRA) on July 6, 2016 indicate that former Florida-based Mutual Trust Company of America Securities broker Michael Jump is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Jump (CRD# 1146669).

Michael Jump has spent 31 years in the securities industry and was most recently registered with Mutual Trust Company of America Securities in Clearwater, Florida (2016). Previous registrations include Investment Planners in Somonauk, Illinois; American General Securities in Somonauk, Illinois; Pruco Securities in Newark, New Jersey; and Pruco Securities. He is currently not registered with any state or firm.

According to his BrokerCheck report, Michael Jump has received one regulatory sanction and was discharged from Investment Planners.

In January 2016, Michael Jump was terminated from his position at Investment Planners following allegations he “used discretion in client’s accounts without permission in performing unauthorized mutual fund transactions.”

In August 2015, FINRA sanctioned Michael Jump following allegations he “negligently misrepresented information pertaining to fees associated with replaced variable annuities… on forms submitted to his member firm” and made unsuitable recommendations. He was issued a 2-month suspension as well as penalties and disgorgement exceeding $18,000.

If you or someone you know has a complaint regarding Michael Jump, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.