J.P. Morgan Broker Edward Turley Subject of Customer Complaints Regarding Unsuitable Trading

According to publicly available information from the Financial Industry Regulatory Authority (FINRA), J.P. Morgan Securities LLC Broker Edward Turley (CRD: 1872294), has recently been the subject of two customer disputes alleging that Mr. Turley engaged in unsuitable trading and exercised discretion in his clients’ accounts.

In May 29, 2020, one claimant alleges “exercise of discretion and unsuitable trading” between 2016 and 2020. The customer has requested damages in the amount of $5 million for their losses.

In the most recent dispute dated June 19, 2020, the claimant alleges “exercise of discretion, unsuitable trading, and solicitation of an unauthorized private securities transaction” that occurred between 2012 and 2020. The customer has requested damages in the amount of $23 million.

Both disputes occurred while Mr. Turley was employed with securities broker-dealer J.P. Morgan. Mr. Turley was formerly employed with Lehman Brothers, CS First Boston Corporation and Morgan Stanley & Co, Incorporated. During his tenure with Lehman Brothers, he was the subject of one customer dispute.

Stockbrokers, financial advisors, and investment professionals have the duty to make only suitable investment recommendations. If your stockbroker, financial advisor, or investment professional engages in unsuitable trading, the company that he or she works for might be liable to you for resulting damages. Furthermore, brokerage firms, such as J.P. Morgan, are required to supervise their brokers and financial advisors under FINRA Conduct Rule 3110. Failure to supervise, which results in losses to a customer, may result in the brokerage firm being held liable and responsible for customers’ damages.   

Contact Levin Law for a Free Case Evaluation

If you experienced investment losses because of your stockbroker’s or financial professional’s unsuitable investment recommendations, then you might be entitled to obtain a recovery through a FINRA arbitration. Levin Law founder and managing partner, Brian Levin has recovered millions on behalf of victims of investment fraud and stockbroker misconduct. 

Contact Attorney Brian Levin today at (305) 402-9050 or via email at contact@levinlawpa.com for a free consultation. Cases are handled on a contingency basis, meaning you would not be responsible for attorneys’ fees unless we recover money on your behalf.  

About Levin Law

Levin Law is a premier securities and class action law firm with significant experience pursuing lawsuits and arbitration claims against financial institutions.  Brian Levin, Levin Law’s founding attorney, has achieved settlements and recoveries of approximately $100,000,000 in assets through securities arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.