SEC opens proceedings against Jonathan Warren Brooks

On November 2, 2015 the Securities and Exchange Commission issued an Order instituting administrative proceedings pursuant to section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisors Act of 1940 against Jonathan Warren Brooks.

Brooks is currently incarcerated in Kershaw, South Carolina. He was a registered investment adviser representative of J. Brooks Financial and also worked as a registered representative with High Street Securities, Inc., from November 2011 to November 2012; and with Sicor Securities, Inc. from September 2009 to November 2011.

On September 18, 2014, Brooks pleaded guilty to three felony counts of securities fraud and two felony counts of forgery in Aiken County, South Carolina. On the same day, the court sentenced Jonathan Warren Brooks to fourteen years in prison, and ordered him to pay over six million dollars in restitution.

The criminal indictments to which Jonathan Warren Brooks pleaded guilty alleged that from January, 2010 to March, 2013 Brooks obtained money by means of fraud, by selling investments in a fictional entity, improperly diverting investor funds, forgery, and by making false representations to securities regulators in South Carolina.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery and our securities attorneys have successfully resolved over 1000 investment loss cases over the past 20 years. Recoveries for clients top $40 million. The types of claims we have successfully handled include those involving unsuitable investments (suitability claims), excessive trading or “churning”, misrepresentations and omissions, unauthorized trading, over-concentration of illiquid or overly risky investments, pump and dump scams involving “penny stocks”, direct participation programs (private placements) involving real estate investment trusts (REITS), oil and gas exploration programs, leasing equipment deals and receivable financing, promissory notes whether sold through a broker dealer or as part of the outside business activities of a registered representative, ponzi scheme losses, failure on the part of the broker dealer to perform due diligence, state securities law (blue sky) violations and failure to supervise.