JPMorgan Chase
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segmentsconsumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.
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Seven former private bankers said they functioned less as advisers than as salespeople.
February 1 -
FINRA barred the former J.P. Morgan rep for allegedly using customer debit cards to steal $1,002.
January 26 -
Revenue increased 4% from 2015 even as the number of advisers fell by 10%.
January 13 -
OSHA supports ex-broker Johnny Burris’ firing because he allegedly faked company letterhead. Burris says the bank approved the altered letter years before.
January 12 -
The decision vindicates ex-broker Johnny Burris, but also supports the move to fire him. However, a bank document obtained by Financial Planning casts doubts on the reason for his termination.
January 12 -
FINRA accused the rep of "structuring" transactions by making cash deposits into her personal savings account in amounts under the currency transaction reporting threshold of $10,000.
January 12 -
The rep declined to provide the regulator with the documents and information it needed to assess allegations that he misappropriated bank customer funds.
January 3 -
The allegations come a year after the firm paid over $300 million to resolve regulators' claims that it failed to tell wealthy clients it was steering them into its own funds.
December 16 -
The regulator was looking into allegations that he structured transactions in his personal bank account to avoid federal reporting requirements.
December 12 -
Former Department of Labor officials allege systemic breakdown of whistleblower protection; two also handled Wells Fargo cases that went nowhere.
December 9
