Friday, December 11, 2015

Did a JPMorgan Broker Turn Fiduciary?

After losing his job, a JPMorgan broker turned whistle-blower, saying Morgan had pressured him to put clients into the bank's funds when better choices were available. The New York Times has jumped on his story, here and in a James B. Stewart column.

After JPMorgan fired the broker, client complaints concerning his behavior showed up. The complaints were not written by disgruntled clients. That's the sort of fun fact that draws media attention.

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