Finra arbitrators order J.P. Morgan, former brokers to pay $19 million
Finra arbitrators order J.P. Morgan, former brokers to pay $19 million A retailing matriarch won the decision against her grandsons, who invested her money in complex products. J.P. Morgan and the grandsons were also found liable for elder abuse under Florida law. February 8, 2021 2 MINS Finra arbitrators ordered J.P. Morgan Securities Inc. and two former brokers to pay a retailing matriarch $19 million for unauthorized trading of complex products in her account — transactions that were executed by her grandsons. A three-person Financial Industry Regulatory Authority I...
Source: investmentnews.com