Tagged with "JPMorgan"

JPMorgan wins round in fight over client contacts with Merrill broker

Posted on March 31st, 2020 at 9:07 AM
JPMorgan wins round in fight over client contacts with Merrill broker

A broker who left JPMorgan's banking channel to join Merrill Lynch has agreed to a preliminary injunction barring him from soliciting his former clients as the parties await a FINRA arbitration proceeding.

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State Regulators Demand Further Action Where FINRA Can Not

Posted on October 9th, 2019 at 4:09 PM
State Regulators Demand Further Action Where FINRA Can Not

Financial Industry Regulatory Authority Inc. (“FINRA”) recently revealed that it would not be investigating 30 former JPMorgan advisors accused of engaging in “suspicious activity.” The allegations include stealing client and company funds, altering and forging documents, among others.

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CFTC Awards $30 Million to a JPMorgan Whistleblower

Posted on July 17th, 2018 at 8:42 AM
CFTC Awards $30 Million to a JPMorgan Whistleblower

The Commodity Futures Trading Commission has awarded $30 million to a confidential whistleblower who provided information to the agency about JP Morgan’s failure to properly inform certain wealthy clients about conflicts of interest associated with its investment recommendations.

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JPMorgan Agrees to Pay $4.6 Million for Failing to Close the Accounts of Ponzi Scheme Victims

Posted on June 26th, 2018 at 4:08 PM
JPMorgan Agrees to Pay $4.6 Million for Failing to Close the Accounts of Ponzi Scheme Victims

JPMorgan Chase has agreed to pay $4.6 million in order to settle a proposed class-action lawsuit accusing the bank of letting convicted Canadian banker, William Wise, steal millions of dollars of investors’ money from its accounts.

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