{"id":4991,"date":"2018-04-19T20:57:26","date_gmt":"2018-04-19T20:57:26","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=4991"},"modified":"2018-04-19T20:57:26","modified_gmt":"2018-04-19T20:57:26","slug":"sec-accuses-former-broker-of-5-7m-pension-plan-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/","title":{"rendered":"SEC Accuses Former Broker of $5.7M Pension Plan Fraud"},"content":{"rendered":"<p>\t\t\t\tThe US Securities and Exchange Commission is accusing John S. Jumper, a Tennessee businessman and ex-broker, of stealing about $5.7M from the pension plan of Snow Shoe Refractories, LLC, a Pennsylvania company. Now, the commission wants disgorgement of ill-gotten gains with interest, injunctive relief, and penalties.<\/p>\n<p>According to the regulator\u2019s complaint, three times, between 3\/2015 and 2\/2016, Jumper stole money from the Snow Shoe Refractories, LLC Pension Plan for Hourly Employees by forging documents that supposedly showed he had authority over the fund\u2019s money. He then allegedly used the funds to \u201ccapitalize\u201d several businesses to which he had some ties, including, in some cases, ownership. These companies, Alluvion Securities, Speedee Brakes, American Investment Funds II, Thousand Hills Capital, and Evertone Records, have been named relief defendants in the SEC\u2019s\u00a0<a href=\"https:\/\/www.stockbroker-fraud.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">pension plan fraud\u00a0<\/a>case. The regulator contends that they have no \u201clegitimate claim\u201d on the pension fund\u2019s monies.<\/p>\n<p>Jumper previously worked as a registered representative at a number of brokerage firms for almost two decades. He was the CEO, owner, and registered representative of Alluvion Securities. He also was an investment adviser and President of Alluvion Investments.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/\"  title=\"Continue Reading SEC Accuses Former Broker of $5.7M Pension Plan Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission is accusing John S. Jumper, a Tennessee businessman and ex-broker, of stealing about $5.7M from the pension plan of Snow Shoe Refractories, LLC, a Pennsylvania company. Now, the commission wants disgorgement of ill-gotten gains with interest, injunctive relief, and penalties. According to the regulator\u2019s complaint, three times, between 3\/2015 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3745,3801,3760],"tags":[3036,3037,2961,3038],"class_list":["post-4991","post","type-post","status-publish","format-standard","hentry","category-retirement-funds","category-sec","category-sec-enforcement","tag-llc-pension-plan","tag-pension-plan-fraud","tag-sec","tag-snow-shoe-refractories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Accuses Former Broker of $5.7M Pension Plan Fraud | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission is accusing John S. Jumper, a Tennessee businessman and ex-broker, of stealing about $5.7M from the pension plan &#8212; April 19, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Accuses Former Broker of $5.7M Pension Plan Fraud | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission is accusing John S. Jumper, a Tennessee businessman and ex-broker, of stealing about $5.7M from the pension plan &#8212; April 19, 2018\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Accuses Former Broker of $5.7M Pension Plan Fraud | SSEK Law Firm Blog","description":"The US Securities and Exchange Commission is accusing John S. Jumper, a Tennessee businessman and ex-broker, of stealing about $5.7M from the pension plan &#8212; April 19, 2018","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/","twitter_card":"summary_large_image","twitter_title":"SEC Accuses Former Broker of $5.7M Pension Plan Fraud | SSEK Law Firm Blog","twitter_description":"The US Securities and Exchange Commission is accusing John S. Jumper, a Tennessee businessman and ex-broker, of stealing about $5.7M from the pension plan &#8212; April 19, 2018","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"SEC Accuses Former Broker of $5.7M Pension Plan Fraud","datePublished":"2018-04-19T20:57:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/"},"wordCount":598,"keywords":["LLC Pension Plan","Pension Plan Fraud","SEC","Snow Shoe Refractories"],"articleSection":["Retirement Funds","SEC","SEC Enforcement"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-former-broker-of-5-7m-pension-plan-fraud\/","name":"SEC Accuses Former Broker of $5.7M Pension Plan Fraud | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-04-19T20:57:26+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The US Securities and Exchange Commission is accusing John S. 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