J.P. Morgan— False Statements on Marketing Materials

investors rights attorneysJ.P. Morgan Allegedly Made False Statements on Marketing Materials and on Its Private Banking Web Site

J.P. Morgan allegedly made false statements on its private banking website and in marketing materials that advisors are compensated “based on our clients’ performance; no one is paid on commission”, according to an SEC Order.

J.P. Morgan Securities LLC (JPMS) allegedly did not pay commissions to registered representatives in its U.S. Private Bank, and compensation was purportedly not based on client performance, according to an SEC investigation.

What is more, advisors were instead paid a salary and a discretionary bonus based on a number of other factors, the SEC reports.

J.P. Morgan’s Brokerage Business Agrees to Pay $4 Million to Settle Charges that it Allegedly Made False Statements and on Its Website and in Marketing Materials

J.P. Morgan Securities LLC allegedly made false and misleading statement about broker compensation from 2009 to 2012, and as a result, the brokerage business, without admitting or denying the findings, has agreed to pay $4 million to settle charges with the SEC, according to an SEC Order.

The alleged misstatement was delivered to current and prospective customers on JPMS’ private banking website as well as a private banking website for its Tampa regional office, the SEC reports.

JPMS included a prospecting card, a pitch book, and a marketing letter in its alleged false marketing materials, the SEC notes.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers assist investors who lose money as a result of false marketing materials. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of false marketing materials are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1123 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.