Jonathon “Jay” Brooks Accused of Securities Fraud For Converting Investors’ Funds

Jonathan “Jay” Brooks, formerly associated with Sicor Securities, Inc. and High Street Securities, Inc., is accused of selling unregistered securities to establish Compass Academy, a private school, and using the funds from those sales for his personal use.

The Peiffer Rosca securities practice attorneys Alan Rosca and Joe Peiffer are investigating the matter.

In April 2013, the Securities Commissioner for the State of South Carolina filed a complaint stating that Brooks, his wife Tracy Brooks, J. Brooks Financial, Inc., Brooks Real Estate Holdings, LLC, and Compass Academy, LLC engaged in acts, practices, and transactions that violated South Carolina securities laws.

Jay Brooks was later arrested and charged with securities fraud relating to claims that Brooks took money for an entity known as the “Charles Howell Trust.” However, the trust was not real and Brooks is alleged to have converted the funds for his personal use, according to South Carolina Assistant Deputy Attorney General Creighton Waters.

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Jonathan “Jay” Brooks

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.