J.P. Turner & Company, LLC. was ordered by the Financial Industry Regulatory Authority (FINRA) to pay eighty- four of their customers a total of $707,559 in restitution after allegedly selling them unsuitable leveraged exchange trade funds (ETFs). FINRA alleged that J.P. Turner's failure to properly supervise the transactions caused their customers to lose money. FINRA also found that J.P. Turner neglected to provide satisfactory training to their employees regarding the ETFs.
If you believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.
To read more, please visit: http://www.finra.org/Newsroom/NewsReleases/2013/P397504