Category Archives: Alluvion Securities

John S. Jumper-Former Alluvion Securities Broker-Indicted for Embezzlement-Memphis, TN

April 2018-Memphis, TN

John Sherman Jumper, 52, of Memphis, Tennessee was indicted by a federal grand jury for embezzling $5.7 million from a pension plan for the employees of Snowshoe Refractories, a company that makes fire bricks, located in Clarence County, PA.

According to the press release from the US Attorney’s Office for the Middle District of Pennsylvania, Sherman forged signatures on documents permitting him to transfer funds from the pension plan. He used the embezzled funds to make unauthorized loans and to purchase a tubing plant in Arkansas, pay off over a million in personal loans and personal legal fees.

FINRA records disclose that John Sherman Jumper was registered with Alluvion Securities 9/20007-2/2017. Alluvion Securities is no longer registered with FINRA effective 2/22/2018.

An indictment is only an allegation and persons charged are presumed to be innocent unless and until found guilty in court. The maximum penalty for this offense is 65 years, followed by supervised release and a fine.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Alluvion Securities Hit With Net Capital Violation Suit by Regulators

June 19, 2015

FINRA Department of Enforcement filed  Disciplinary Proceeding No 2013035347704 against Alluvion Securities, LLC, Lowell S. Wilson and John S. Jumper alleging net capital violations, supervisory violations and other violations of FINRA and industry rules. In the complaint, FINRA seeks disgorgement of any ill gotten gains and other relief.

Alluvion Securities has been a FINRA member since September 2007 and is based in Memphis, Tennessee. They have one office of Supervisory Jurisdiction and no branch offices.

John Jumper is Chief Executive Officer and Chief Compliance officer. Lowell Wilson is Chief Financial Officer and Financial and Operations Principal (FINOP).

The complaint alleges that Alluvion has a recent history of being repeatedly below its required minimum net capital.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870