June 2017-Navarre Beach, Alabama
The Alabama Securities Commission announced that Judy Kay Morehead of Henry County, Alabama, turned herself in to the Henry County Jail upon an arrest warrant charging her with Conspiracy to Commit Securities Fraud, Sale of Securities by an Unregistered Agent, Fraud in Connection with the Sale of Securities and other offenses. Morehead was released on $40,000 bond.
Judy Morehead resigned Thursday from her position as Navarre Beach Chamber of Commerce president and CEO. She allegedly took money from investors and spent it on personal debts and expenses.
Morehead’s husband Stanley and son Benjamin were also arrested for securities fraud.
According to FINRA records, Judy Kay Morehead (CRD# 2254549) was previously a licensed securities broker who employment includes Ameriprise Financial Services, LPL Financial and Edward Jones. She was last registered as a broker in 6/2012.
If you have questions about an account handled by Morehead, call to learn about your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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