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Former JP Morgan Banker Gets FINRA Ban After "Bilking" His Wealthy Grandmother


by Tyler Durden
Sunday, Apr 18, 2021 - 10:50 AM
A former JP Morgan financial adviser has been barred from the industry after being accused of trading this grandmother s assets without her knowledge.
According to the Financial Industry Regulatory Authority’s website, Evan Schottenstein, without admitting or denying the findings, agreed to the bar after the regulatory agency concluded he was not cooperating with their investigation into the trading of about $80 million for his grandmother, Beverly Schottenstein.
Evan refused to provide on-the-record testimony to the regulator, according to Bloomberg.
Evan, along with his brother Avi, were both dismissed from JP Morgan in 2019 after his grandmother accused him - and the bank - of putting her money into high fee, risky investments without her knowledge. She also accused the group of forging her signature on financial documents. She brought an arbitration case seeking $69 million in damages. ....

Evan Schottenstein , Beverly Schottenstein , Jp Morgan , Financial Industry Regulatory Authority , எவன் ஸ்கொட்டென்ஸ்டீன் , பெவர்லி ஸ்கொட்டென்ஸ்டீன் , ஜ்ப் மோர்கன் , நிதி தொழில் ஒழுங்குமுறை அதிகாரம் ,