John Jumper: Three FINRA Sanctions

John JumperPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 10, 2017 indicate that former Tennessee-based Samco Capital Markets broker John Jumper has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Jumper (CRD# 2809649).

John Jumper has spent seventeen years in the securities industry and was most recently registered with Samco Capital Markets in Memphis, Tennessee (2006-2007). Previous registrations include Penson Financial Services in Dallas, Texas; Coastal Securities in Houston, Texas; and Duncan-Williams in Memphis, Tennessee. He is currently not registered with any state or firm.

According to his BrokerCheck report, John Jumper has been the subject of three FINRA sanctions.

In February 2017 FINRA sanctioned John Jumper following allegations that during the course of a FINRA investigation, he appeared for on-the-record testimony but refused to give complete testimony and left before the testimony was complete. FINRA’s findings report that the testimony was intended to provide “information related to allegations that Jumper misappropriated funds from a pension plan for his personal use and to infuse capital into his member” and that during the session, Mr. Jumper, through his lawyer, “stated that Jumper did not intend to proceed further on that date or at any future date and left prior to the completion of his testimony.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

In June 2015 FINRA sanctioned John Jumper following allegations that his member firm, acting through him as Chief Executive Officer, conducted securities business while failing to maintain its required minimum net capital. He was issued a two-month suspension and a fine of $15,000.

In 2013 FINRA sanctioned John Jumper following allegations that his member firm, acting through him, failed to provide a copy of the official statement in a municipal securities offering to customers whose transactions settled on that day. He was censured and issued a fine of $10,000.

If you have lost money investing with John Jumper, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.