BioCurex, Inc.(fka BOCX)

[bocxman]

Goodpal, good find. I also found illegal telemarketing complaints against them for the Netherlands, France, Luxembourg, and Ireland. The one you posted was for the Channel Islands. So clearly, a few years ago J.P Turner was running some illegal operations overseas. Nothing malicious, but illegal in the sense that they were marketing securities without a license in those countries.

The good news is that they are "clean" as far as the U.S goes...I found one technical complaint against them by the NASD(small fine because they didn't file some stuff in time) but that's immaterial.

Although illegal telemarketing is not exactly a big deal in my book, I'm very concerned. J.P Turner is obviously familiar with exploiting offshore loopholes. That is dangerous stuff. Naked shorting and shady financing arrangements are often done offshore. I'm glad they are "on our side" so to speak, but to me this COULD be a major red flag.

At the same time, you would be very hard pressed to find a NASD member without a black mark or two on their record. LOL, if illegal telemarketing in Europe and the Carribean are the only black marks one could consider them angels relative to their peers :)

FWIW, the Better Business Bureau has them down as remarkably clean compared to other securities firms:

http://www.atlanta.bbb.org/commonreport.html?compid=12000156

(note: I also found a case against a broker but that's not systemic)