J. P. Morgan Securities, LLC (“J. P. Morgan”) employed San Francisco Financial Advisor Edward Turley (“Mr. Turley”) and it is being sued for his alleged misconduct involving a highly speculative trading investment strategy in highly leveraged accounts. We represent a family in the Midwest who built a successful manufacturing business and entrusted their savings to J. P. Morgan and its financial advisor and lost millions of dollars. We have filed a FINRA arbitration proceeding on behalf of our clients against the brokerage firm and summarized the allegations below.
Mr. Turley and one of our clients were members of the Citation Jet Pilot Owners Association (“CJP”). Our clients were solicited to open accounts with J. P. Morgan along with other CJP members. This is the fourth case filed against J. P. Morgan for Mr. Turley’s alleged misrepresentations and misleading statements relating to recommended investments and an investment strategy that were not only allegedly unsuitable but allegedly mismanaged by the J.P. Morgan investment adviser and stockbroker in clients’ accounts. Continue Reading