FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person *   BROWN PAUL 2. Date of Event Requiring Statement (Month/Day/Year) 09/03/2008 3. Issuer Name and Ticker or Trading Symbol JESUP & LAMONT, INC. [JLI] (Last) (First) (Middle) C/O ALLIANCE INVESTMENTS SAM, LE PANORAMA AB, 57 RUE GRIMALDI 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) MONACO, MONTE CARLO, O9 98000 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 574,416 (1) I By Sofisco Nominees Limited LLC (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series G Subordinated Convertible Preferred Stock	03/03/2008	  (5)	Common Stock	1,240,680 (1)	$ 0.68	I	By Impala Nominees Limited (3)
Warrant to purchase Common Stock	02/20/2008(4)	08/19/2012	Common Stock	287,208 (1)	$ 1.4	I	By Sofisco Nominees Limited (2)
Warrant to purchase Common Stock	09/03/2008	03/02/2013	Common Stock	1,240,680 (1)	$ 0.816	I	By Impala Nominees Limited (3)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BROWN PAUL C/O ALLIANCE INVESTMENTS SAM LE PANORAMA AB, 57 RUE GRIMALDI MONACO, MONTE CARLO, O9 98000	Â	  X	Â	Â
IMPALA NOMINEES LTD C/O ALLIANCE INVESTMENTS SAM LE PANORAMA AB, 57 RUE GRIMALDI MONACO, MONTE CARLO, O9 98000	Â	  X	Â	Â

Signatures

/s/ Paul Brown		10/24/2008
**Signature of Reporting Person		Date
/s/ Paul Brown, Director, Impala Nominees Limited		10/24/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Paul Brown disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16.
(2)	These shares are owned directly by Sofisco Nominees Limited and indirectly by Paul Brown as sole director of Sofisco Nominees Limited with voting and disposition rights over its securities.
(3)	These shares are owned directly by Impala Nominees Limited and indirectly by Paul Brown as sole director of Impala Nominees Limited with voting and disposition rights over its securities.
(4)	These warrants are not exercisable to the extent that their exercise would cause the holder to become the beneficial owner of more than 4.99% of the company's shares of common stock outstanding after giving effect to the issuance.
(5)	The Series G Subordinated Convertible Preferred Stock has no expiration date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.