In a January 22, 2014, article in InvestmentNews, entitled, "Schorsch's pickup of J.P. Turner: "Such a bargain!" by Bruce Kelly, Securities Attorney, Lars Soreide, is quoted in the article referencing the claims his clients have had against JP Turner.
The following is a passage directly from the article:
"A review of J.P. Turner's roster of about 370 registered reps and advisers reveals that scads once worked at GunnAllen Financial Inc., a notorious independent broker-dealer that collapsed in 2010 under the crushing weight of paying to fight investor complaints involving a rogue broker, Frank Bluestein, and $40 million in sales of a fraudulent private placement, Provident Royalties.
“I have brought at least a half-dozen investor claims against J.P. Turner since the crash,” said plaintiff's attorney Lars Soreide. Those claims have been based on allegations that a J.P. Turner broker used excessive margin in a client's account or churning an account, he said.
In one current Finra arbitration claim, the J.P. 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 [fusion_builder_container hundred_percent="yes" overflow="visible"][fusion_builder_row][fusion_builder_column type="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" spacing="yes" background_image="" background_repeat="no-repeat" padding="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="no" center_content="no" min_height="none"][J.P. Turner reps] are doing this to a lot of people,” he said."
The article may be read in it's entirety at:
http://www.investmentnews.com/article/20140122/FREE/140129963
If you were a client of JP Turner and suffered significant losses, call for a free consultation on how to potentially recover those losses. To speak with Lars Soreide, an experienced attorney in this matter, call: 888-760-6552.
Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
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Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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