J.P. Morgan Securities (Taiwan) Limited controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
J.P. Morgan sues five former advisors over client solicitation
Lawsuit filed
J.P. Morgan Securities filed a complaint in federal court alleging that five former advisors violated nonsolicitation agreements by enticing clients to join their new firm. The former advisors' attorney denied the allegations. The dispute concerns client solicitation following the advisors' departure from the firm.
J.P. Morgan Securities filed a federal-court complaint alleging that five former advisors violated nonsolicitation agreements by enticing clients to join their new firm. The former advisors' attorney denied the allegations.
Source excerpt
They are not soliciting clients in violation of their agreement and they deny their allegations of the complaint.
The complaint, which was filed in Illinois federal court earlier this week, alleges that Scott Cimo, John Goblet, John Searer, Brian Bellot and Raymond Kermend all resigned their positions as private client advisors at J.P. Morgan earlier this month to join Professional Wealth Advisors (PWA), an LPL Financial team with several offices in Illinois.
J.P. Morgan Securities is claiming in a lawsuit that five former employees violated nonsolicitation agreements by enticing clients to join them at their new firm.