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JPMorgan Pursues Legal Action Against Advisor Who Moved to ÍøÆØ³Ô¹Ïlls Fargo

Posted on January 26th, 2024 at 1:21 PM

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï 

JPMorgan Chase & Co. has initiated legal action, seeking a temporary restraining order against former employee Jeffry Neal Carel. Carel, a former private client advisor with J.P. Morgan Securities, resigned and joined ÍøÆØ³Ô¹Ïlls Fargo Advisors.

The complaint alleges that Carel violated his employment agreements by taking customer information and engaging in improper solicitation efforts. Neither Carel nor ÍøÆØ³Ô¹Ïlls Fargo has responded to the complaint. According to AdvisorHub, the move follows a pattern for JPMorgan, as the bank has a history of pursuing legal action against former employees, claiming that they have breached their employment agreements.

 

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

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