J.P. Morgan Securities
Of the 792 proposed virtual hearings between March 2020 and July, 453 drew contested motions, according to the industry self-regulator’s data.
Edward L. Turley, a 28-year industry veteran in San Francisco, faces five high-dollar customer claims that have cropped up since the March 2020 pandemic-induced market crash.
The bank is looking to force Cresset to turn over documents related to an arbitration claim it brought against its co-chairman, a former regional manager for J.P. Morgan, for allegedly violating his non-compete by hiring away from his former employer.
Both cases underscore an ongoing legal effort of J.P. Morgan to defend its flanks when departing brokers and follow a raft of similar cases this year.
A Finra arbitration panel in Boca Raton, Florida found two former brokers and J.P. Morgan liable in a case brought by the brokers’ 94-year-old grandmother for unauthorized trading and elder abuse.