JPMorgan Pursues Legal Action Against Advisor Who Moved to Ä¢¹½´«Ã½lls Fargo
From the desk of Jim Eccleston at Ä¢¹½´«Ã½
JPMorgan Chase & Co. has initiated legal action, seeking a temporary restraining order against former employee Jeffry Neal Carel. Carel, a former private client advisor with J.P. Morgan Securities, resigned and joined Ä¢¹½´«Ã½lls Fargo Advisors.
The complaint alleges that Carel violated his employment agreements by taking customer information and engaging in improper solicitation efforts. Neither Carel nor Ä¢¹½´«Ã½lls Fargo has responded to the complaint. According to AdvisorHub, the move follows a pattern for JPMorgan, as the bank has a history of pursuing legal action against former employees, claiming that they have breached their employment agreements.
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