Jonathan Michael Turner (CRD #4853469, Naples, Florida)

March 24, 2022 – An AWC was issued in which Turner was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, Turner consented to the sanctions and to the entry of findings that he participated in private securities transactions without providing prior written notice to his member firm. The findings stated that Turner accepted a position as chief investment officer for a credit card processing service company. In this role, Turner was responsible for, among other things, creating new investment vehicles and raising investor capital. Turner directed two firm customers to the company’s website, recommended they invest, and supplied them with certain forms needed to purchase the company’s securities. One customer invested $100,000 and funded the investment with cash from a personal bank account. The other customer invested $100,000, using the proceeds of stock liquidations Turner facilitated from an account at the firm. Turner received no commissions or other compensation regarding these transactions. In addition, Turner incorrectly certified in the firm’s annual compliance attestation that he had not engaged in any private securities transactions that were not previously cleared by the firm. The suspension is in effect from April 4, 2022, through July 3, 2022. (FINRA Case #2020068322501)