Erez Law is investigating claims regarding Jonathan A. Francis (CRD #5204602, Brooklyn, New York). Francis recently submitted an AWC in which he was barred from association with any FINRA member in any capacity. See FINRA Case #2013038988301. Francis formerly was associated with J.P. Turner & Co. (October 2013-November 2013), J.P. Morgan Securities, LLC (October 2012-October 2013), and Chase Investment Services Corp. (April 2010-October 2012).
FINRA found that Francis issued unauthorized ATM cards for the accounts of bank customers, some of whom were dead, as part of a scheme to convert $210,000 in customer funds. In entering into the AWC, Fackrell neither admitted nor denied FINRA’s findings. During the course of FINRA’s investigation into the matter, Francis failed to respond fully to FINRA’s request for information and failed to provide FINRA-requested testimony.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, J.P. Turner, J.P. Morgan Securities, or Chase Investment Services may be liable for investment or other losses suffered by Franklin’s customers.
If you were a client of J.P. Turner, J.P. Morgan Securities, Chase Investment Services, or Franklin and have suffered investment losses or financial irregularities or invested in promissory notes or limited partnership agreements, please contact Erez Law to explore your legal options, Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 888-840-1571 or complete our “contact form.”