Category Archives: JMP Securities

JMP Securities Fined $125,000 Over Failure to Disclose Conflict of Interest

August 17, 2015,

JMP Securities LLC entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from January 2010 through December 31, 2013, the firm violated several provisions of FINRA’s research analyst conflict of interest rule, NASD Rule 2711.

Rule 2711 fosters transparency in research reports by requiring broker dealers to clearly and prominently provide investors with important information regarding conflicts of interest.

AWC NO. 2013039333001

JMP Securities was censured and fined $125,000.  

JMP Securities  has been a FINRA member since 1988, is headquartered in San Francisco, and has over 150 registered persons in 6 branch offices.  According to FINRA, it publishes about 3,100 research reports annually.

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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