Former J.P. Morgan Advisor Receives Additional Sanctions For Misleading Testimony

Posted on August 3rd, 2023 at 1:18 PM
Former J.P. Morgan Advisor Receives Additional Sanctions For Misleading Testimony

From the Desk of Jim Eccleston at Eccleston Law.

Last year, a J.P. Morgan advisor, Howard S. Rothman, was required to pay $100,000 due to alleged perjury during a contentious arbitration with his former partner. 

Recently, the Financial Industry Regulatory Authority (FINRA) imposed disciplinary sanctions on Rothman for providing misleading testimony in an arbitration related to his team's transition from UBS Wealth Management USA to J.P. Morgan in 2019. 

Specifically, FINRA suspended Rothman for six months and issued a $5,000 fine. The violation was related to Rothman's misleading statements about the creation of certain exhibits during a May 2022 arbitration hearing. Rothman's misleading testimony violated FINRA's catch-all Rule 2010 requiring “high standards of commercial honor.” Rothman accepted the penalties without admitting or denying FINRA's allegations. 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, J.P Morgan. FINRA

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