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.
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