J.P. Morgan Securities

The boutique wealth manager has been aggressively courting top brokers.

“The industry has not done any favors to young advisors,” says independent advisor Douglas Boneparth.

Six of the top 10 advisor recruits — managing roughly $13.2 billion in client assets — have walked out of the wirehouse so far this year.

These mega brokers managed $18 billion in assets at their previous firms.

Collusion and corruption allegedly prevented Wells Fargo whistleblowers, and a former JPMorgan advisor, from obtaining justice.

The firm has recruited 71 advisors so this year and opened branches in four states, according to a spokeswoman.

While Raymond James and Stifel are on hiring sprees, Wells Fargo is still losing talent.

A former Goldman Sachs broker also joined the boutique firm's office.

David Reiser spent 10 years at the wirehouse where he worked with ultrawealthy clients and families.

J.P. Morgan hired 160 brokers last fiscal year, and it’s not slowing down in 2018.

The reps join a slew of others who chose not to cooperate with FINRA investigations — at least 21 since 2017 — and therefore agreed to an automatic ban.

The bank subjected the advisor to disparate treatment and made conditions so intolerable that he had no choice but to leave, the advisor claimed in a lawsuit.

The advisor is the latest to join the high-end wealth manager.

The advisor had been with Wells Fargo for only two years, having previously worked at Credit Suisse.

The private equity firm’s credit arm grew significantly with the addition of a new insurance platform and an energy investment management unit.

In addition to winning a $25,000 award, ex-J.P. Morgan rep Mihail Naumovski was able to expunge erroneous information on his Form U5 that he violated investment-related regulations.

Barry Snyder’s complaint depicts him as a victim of federal investigators and the bank, with both sides threatening to turn on him.

The two declined to cooperate with investigations into allegations that they engaged in undisclosed outside business ventures.

They were previously part of a team that oversaw $2 billion in assets.

As a result of the violations, the firm created deficits in foreign and domestic securities valued at hundreds of millions of dollars, FINRA alleged.