April 17, 2013 Comments (0) Blog, Securities Fraud

Aiken, South Carolina Financial Advisor Accused of Securities Violations

(Last Updated On: July 17, 2015)

According to the Augusta Chronicle, the Attorney General has filed a temporary restraining order to freeze the bank accounts of Jonathan Brooks, J. Brooks Financial Inc., Brooks Holdings, and Compass Academy.  Brooks’ “is accused of violating securities regulations, including selling unregistered securities, committing fraud and making false and misleading statements.”

The Augusta Chronicle also reports (here)  that “According to state, documents , state regulators began looking into Brooks’ business dealing in November after it came to their attention that money from his clients Individual Retirement Accounts had been  invested in the private school.”

According to FINRA Broker Check, Brooks was a registered broker with High Streets Securities, Inc from 12/2011-11/2012, Sicor Securities, Inc. from 9/2009-11/2011, and Securities America, Inc from 11/2008-2/2009.

Brokerage-firms have a a supervisory responsibility to monitor their agents and can be held liable for investment losses even if the agent sold investments that were not offered through the brokerage firm. When an agent sells or solicits the sale of an investment product outside the firm, the act can be considered “selling away” and violates securities law. Recovery of investment losses may be obtained by filing a FINRA arbitration claim against the brokerage firm.  The White Law Group is investigation whether Brooks’ employers are liable for his actions.

If you are concerned about investments you made through Jonathan Brooks while he worked with High Street Securities, Sicor Securities or Securities America, please call the White Law Group at 312-238-9650 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit http://www.whitesecuritieslaw.com.

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