Tr?id=566623520170033&ev=PageView&noscript=1

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

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

You guys are good!

Mike L.

LATEST NEWS AND ARTICLES

1788870175 Law
September 8, 2026
Merrill Lynch and Advisor Settle Court Case for $6 Million After Advisor Allegedly Exploited Grieving Widow

A financial advisor allegedly exploited a client's grief over the deaths of her father and husband, showering her with attention before persuading her to hand over millions of dollars in gifts, according to reporting by InvestmentNews.

1788461574 Law
September 3, 2026
Texas Investment Adviser Faces Washington State Charges Over Misleading Crypto Portfolio Claims

Washington state securities regulators have charged an Austin, Texas registered investment adviser (RIA) and its founder with making misleading statements about the risks tied to one of its model portfolios, which invested heavily in crypto-backed products and volatile exchange-traded funds, according to InvestmentNews.

1788376975 Law
September 2, 2026
Lakers Owner Sells Team for Record $12.5 Billion Amid Federal Probe

Guggenheim Partners CEO Mark Walter has sold his majority stake in the Los Angeles Lakers just as federal regulators investigate potential financial improprieties at insurance and annuities companies that he owns, InvestmentNews reports.