Ex-JPMorgan Broker Wins Defamation Claim

Posted on November 3rd, 2016 at 9:35 AM
Ex-JPMorgan Broker Wins Defamation Claim

From the Desk of Jim Eccleston at Eccleston Law LLC

FINRA has ordered J.P. Morgan to pay a former registered representative $295,563 in compensatory damages. FINRA also ordered the expungment of charges from his CRD.

According to FINRA, the rep left J.P. Morgan in 2014 because of allegations that he used personal usernames and passwords of two clients and altered signatures in documents. The rep denied the allegations.

The rep had alleged, among other causes of action, that J. P. Morgan violated New Jersey’s Conscientious Employee Protection Act, which prohibits retaliation over whistle-blowing. Even though the arbitration panel did not explain its decision, it ordered J.P. Morgan’s U-5 filing to show that he resigned voluntarily and that the “defamatory” allegations be removed from the records.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial advisors including breakaway broker servicesemployment mattersstrategic consulting and counselingbroker litigation and arbitration,whistleblower actions, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today. 

 

Related Attorneys: James J. Eccleston

Tags: Eccleston, James Eccleston, Financial Counsel, Eccleston Law, Eccleston Law LLC, FINRA, JP Morgan, compensatory damages, CRD, Conscientious Employee Protection Act, whistle-blowing, artbitration panel,

Return to Archive

TESTIMONIALS

Previous
Next

I have the best legal firm in the country to defend me. Awesome job!

Cindy C.

LATEST NEWS AND ARTICLES

October 26, 2021
Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

A former RBC Wealth Management advisor lost his bid to reverse an industry bar, according to an appellate decision issued by the Financial Industry Regulatory Authority (FINRA).

October 25, 2021
Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.

October 22, 2021
TIAA Sues Former Advisors For Allegedly Soliciting Clients

Teachers Insurance and Annuity Association of America (TIAA) filed suit against three of its former Connecticut advisors for allegedly soliciting TIAA clients to join them at their new firm.