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

ÍøÆØ³Ô¹Ï

Former JPMorgan Advisor Agrees to Injunction Amid Solicitation Allegations

Posted on January 29th, 2024 at 1:06 PM
Former JPMorgan Advisor Agrees to Injunction Amid Solicitation Allegations

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï 

A former JPMorgan advisor sued last week, in connection with his transition to an independent practice with Kestra Private ÍøÆØ³Ô¹Ïalth Services, has agreed to a stipulated injunction prohibiting him from soliciting his former customers.

The decision comes in response to a lawsuit filed by JPMorgan, accusing the advisor of soliciting at least six customers and urging them to transfer accounts to Kestra, a move that allegedly violated his previous employment agreements with JPMorgan.

The stipulation mandates the return of any client documents taken. It places the court case on hold pending a related claim filed by JPMorgan in arbitration with the Financial Industry Regulatory Authority (FINRA). The agreement permits him to process account transfer requests initiated by former customers and continue serving those who choose to move.

According to AdvisorHub, JPMorgan has a history of legal action when its bank-based advisors depart for competing firms, acting through its broker-dealer entity, J.P. Morgan Securities.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

If you are being bothered by the Regulators, call ÍøÆØ³Ô¹Ï, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

1778171646 Law
May 7, 2026
FINRA Bars Former Raymond James Broker for Refusing Testimony in Unauthorized Trading Probe

A former registered representative with Raymond James has been barred from the securities industry after refusing to cooperate with a Financial Industry Regulatory Authority (FINRA) investigation into alleged unauthorized trading activity.

1778084309 Law
May 6, 2026
FINRA Outlines Key Rulemaking Priorities and Recent Developments in Quarterly Agenda

The Financial Industry Regulatory Authority (FINRA) recently released its Quarterly Regulatory Policy Agenda, offering a detailed view of its rulemaking priorities, pending proposals, and recently approved regulatory changes.

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.