J.P. Morgan Seeks TRO Over Departing Advisor

Posted on January 17th, 2022 at 1:09 PM
J.P. Morgan Seeks TRO Over Departing Advisor

From the Desk of Jim Eccleston at Eccleston Law:

J.P. Morgan Chase’s brokerage business has requested that a Louisville, Kentucky, federal court issue a temporary restraining order (TRO) barring one of its former advisors from soliciting its clients. 

J.P. Morgan Securities alleges that Timothy Logsdon brought $17 million in client assets to his new firm, BLVD Private Wealth Management, which violates his employment agreements. According to J.P. Morgan, Logsdon joined BLVD in November 2021 and previously had managed $153 million for at least 289 clients. 

BLVD’s website lists Chris Brady as its founder and Ashley Baumgardner as its office manager, both of which previously worked for J.P. Morgan. Logsdon allegedly informed clients that he would provide “more investment options” and “lower fees” at BLVD. Further, Logsdon alleged stated that J.P. Morgan advisors who had been assigned their accounts “already have too many accounts to service” and “are only concerned with growing their business”, according to the complaint. 

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

Tags: eccleston, eccleston law, jp morgan, tro

Return to Archive

TESTIMONIALS

Previous
Next

Thank you for your professional assistance with this matter. You are very good at what you do.

John T.

LATEST NEWS AND ARTICLES

October 9, 2025
Former Merrill Lynch Advisors Fight Allegations of Corporate Raid

A dozen former Merrill Lynch advisors who launched their own firm, OpenArc Corporate Advisory, in Atlanta are pushing back against accusations that they orchestrated a “pre-meditated corporate raid.”

October 8, 2025
Northern Trust Sues Former Advisor for Alleged Fraud and Breach of Fiduciary Duty

According to ThinkAdvisor, Northern Trust Company has filed suit against former wealth management relationship advisor Christopher Walters, alleging that he engaged in “blatant fraud” and breached his fiduciary duty to both the firm and a longtime client.

 

October 7, 2025
Tricolor Bankruptcy Sparks DOJ Probe and Distress in Subprime Auto Loan Market

Tricolor Holdings, a subprime auto lender that combined used-car sales with high-interest financing for borrowers with limited or no credit history, has collapsed into bankruptcy amid a federal investigation into alleged fraud.