The Financial Industry Regulatory Authority, FINRA, has barred former JP Turner & Company broker Neil Copeland Winterrowd, of Coto de Caza, California. Winterrowd allegedly misappropriated $1.5 million from August, 2009, through September, 2011, from several clients for his own personal use, without the knowledge or consent of his clients. Before Winterrowd’s employment at JP Turner, he was employed with Crown Capital Securities and Citigroup Global Markets.
Soreide Law Group continues to file arbitrations against J.P. Turner, as noted in a January 22, 2014, article in InvestmentNews, by Bruce Kelly. Securities Attorney, Lars Soreide, was quoted in the article referencing the claims that his clients have had against JP Turner.
“I have brought at least a half-dozen investor claims against JP Turner since the crash,” said plaintiff’s attorney Lars Soreide. Those claims have been based on allegations that a JP Turner broker used excessive margin in a client’s account or churning an account, he said.
In one current Finra arbitration claim, the JP Turner broker lost $180,000 by trading stocks in the account of a woman in her 70s, while charging commissions of $170,000, Mr. Soreide said. “There’s just a lot of claims out there where