Exhibit 31.2

                  CERTIFICATIONS OF PRINCIPAL FINANCIAL OFFICER
                         PURSUANT TO SECTION 302 OF THE
                           SARBANES-OXLEY ACT OF 2002

      I, Michael J. Chiodo, certify that:

      1. I have  reviewed  this  quarterly  report on Form 10-Q for the  quarter
ended September 30, 2005, of JB Oxford Holdings, Inc.;

      2. Based on my  knowledge,  this  quarterly  report  does not  contain any
untrue  statement of a material fact or omit to state a material fact  necessary
to make the  statements  made,  in light of the  circumstances  under which such
statements  were made, not misleading with respect to the period covered by this
quarterly report;

      3. Based on my knowledge,  the financial  statements,  and other financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

      4. The  registrant's  other  certifying  officer and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

            a) designed such disclosure controls and procedures, or caused
      such  disclosure   controls  and  procedures  to  be  designed  under  our
      supervision,   to  ensure  that  material   information  relating  to  the
      registrant,  including its consolidated subsidiaries,  is made known to us
      by others within those entities,  particularly  during the period in which
      this quarterly report is being prepared;

            b) evaluated the effectiveness of the registrant's disclosure
      controls  and  procedures  and  presented  in this  quarterly  report  our
      conclusions  about  the  effectiveness  of  the  disclosure  controls  and
      procedures  as of the end of the period  covered by a date  within 90 days
      prior  to  the  filing  date  of  this  quarterly  report  based  on  such
      evaluation; and

            c) disclosed in this report any change in the registrant's
      internal  control  over  financial  reporting  that  occurred  during  the
      registrant's  most recent fiscal quarter (the  registrant's  fourth fiscal
      quarter in the case of an annual report) that has materially affected,  or
      is  reasonably  likely to materially  affect,  the  registrant's  internal
      control over financial reporting; and;

      5. The registrant's other certifying officers and I have disclosed,  based
on our most recent evaluation of internal control over financial  reporting,  to
the  registrant's  auditors  and the audit  committee of  registrant's  board of
directors (or persons performing the equivalent function):

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            a) all significant deficiencies and material weaknesses in the
      design or operation of internal  controls which could adversely affect the
      registrant's  ability to record,  process,  summarize and report financial
      information; and

            b) any fraud, whether or not material, that involves management or
      other employees who have a significant role in the  registrant's  internal
      controlsover financial reporting.


Dated: November 14, 2005             By:    /s/  Michael J. Chiodo
                                            ------------------------------------
                                            Michael J. Chiodo
                                            Chief Financial Officer