JB Oxford Settlement With the SEC and Announces Stock Dividend

LOS ANGELES, Jan. 18  /PRNewswire-FirstCall/ -- JB Oxford Holdings, Inc. (OTC:JBOHD) (JBOH), reports that it and its National Clearing Corp (NCC) subsidiary have agreed to settle a lawsuit commenced by the Securities and Exchange Commission alleging improper late trading and facilitation of market timing.  Without admitting or denying wrongdoing, NCC has consented to the entry of an injunction enjoining NCC from future violations of certain provisions of the federal securities laws.  NCC has also agreed to disgorge $1,035,324 which represents the gross revenue earned by NCC, plus interest, based on the conduct alleged in the SEC's Complaint, and to pay a civil penalty of $1.0 million.  Three former employees have also agreed to separate settlements, for which neither NCC nor JBOH will be responsible.  JBOH, without admitting or denying the SEC's allegations, has consented to the entry of an administrative cease and desist order prohibiting it from future violations of Section 10(b) of the Securities Exchange Act and Rule 10b-5 thereunder.  In addition, JBOH has agreed not to have a controlling interest in a clearing brokerage firm for a period of five (5) years.  JBOH will not be required to pay any money in settlement of this action.

Stock Dividend Announced

The Board of Directors of JB Oxford Holdings has resolved to pay a stock dividend to shareholders of record as of the close of business on January 5, 2006.  The stock dividend will consist of 9 shares of $.01 par value previously authorized, but unissued JBOH common stock for each whole share of record as of the close of business on January 5, 2006.  It is anticipated that the dividend will be paid within the next ten (10) days by our transfer agent.

About JB Oxford Holdings, Inc.

JB Oxford Holdings, Inc. offers market making and institutional trading services through its National Clearing Corp subsidiary.  The Company also purchases and sells real estate for investment and/or development through its FiCorp, Inc. subsidiary.  The Company's offices are located in Los Angeles, CA.

This press release contains statements that are forward-looking, including comments on future business plans, investments, market conditions, revenue growth, expense management, and outlook.  Any number of conditions may occur which would affect important factors in this analysis and materially change expectations.  These factors include, but are not limited to, known and unknown risks, customer trading activity; changes in technology; success of cost-containment programs; ability to successfully identify, negotiate, close and integrate acquisitions and investment opportunities; shifts in competitive patterns; decisions with regard to products and services; changes in revenues and profits; and significant changes in the market environment.  For a description of the foregoing and other factors, investors and others should refer to the company's filings with the U.S. Securities and Exchange Commission, including but not limited to information under the headings "Business," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosures about Market Risk" and particularly under the subheading "Risk Factors" thereunder in its annual report on Form 10-K for the year ended Dec. 31, 2004; and other periodic filings.  JB Oxford undertakes no obligation to update the forward-looking statements contained herein to reflect changed events or circumstances after today's date. 

DATASOURCE: JB Oxford Holdings, Inc.



CONTACT:  JB Oxford Investor Relations, [phone]

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