Jonathan “Jay” Warren Brooks, of Aiken, South Carolina, was arrested on one count of securities fraud on Friday, July, 19th., according to a news release from South Carolina Attorney General, Alan Wilson. The arrest warrant claims that Brooks collected investment money for a fictional entity, the “Charles Howell Trust,” and took the money for his personal use.
Jonathan Brooks was assigned a surety bond of $500,000 during a hearing in the Richland County General Sessions Court.
Securities fraud is a felony, which carries a possible punishment of up to 10 years and/or a fine of not more than $50,000.
According to FINRA’s BrokerCheck, Jonathan W Brooks was previously registered with FINRA at the following brokerage firms:
HIGH STREET SECURITIES, INC.
HOT SPRINGS, AR
12/2011 – 11/2012
SICOR SECURITIES INC
09/2009 – 11/2011
SECURITIES AMERICA, INC.
11/2008 – 02/2009
Soreide Law Group represents clients nationwide before FINRA. If you have sustained investment losses due to your stock broker/financial advisor’s recommendations, call for a free consultation with an attorney on how to potentially recover those losses: 888-760-6552.