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Firm Slapped for Lack of Destruction Policies

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The SEC issued a cease-and-desist order against J.P. Turner & Company over an alleged failure to adopt and implement information protection policies and procedures to safeguard customer records. 

The SEC alleged that because there were no policies and procedures, the firm never gave its branch managers or registered representative’s guidance on how to protect and dispose of customer records. 

A related filing indicated that the SEC's enforcement division is seeking remedial action against J.P. Turner. 

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Read the SEC Admin Proceeding File