Our attorneys are investigating potential claims on behalf of clients of JP Morgan securities broker Edward Turley. According to FINRA’s Broker Check Report, Mr. Turley received two consumer complaints in 2020 asserting claims totaling $28 million. Allegations against him a variety of broker misconduct, including exercise of discretion, unsuitable trading and solicitation of an unauthorized private securities transaction. In accordance with FINRA rules, member firms are responsible for supervising a broker’s activities so J.P Morgan may also be liable for the other losses or investment’s suffered by clients of Mr. Turley.

JP Morgan Securities Broker Edward Turley Allegedly Engaged in Unsuitable Trading

According to his FINRA Broker Check Report, Mr. Turley has worked as a broker since 1988. He is currently with JP Morgan Securities in the San Francisco. Throughout his career, Turley has worked for four different brokerage firms in New York and California, including:

  • Morgan Stanley & Co., Incorporated
  • CS First Boston Corporation
  • Lehman Brothers Inc.
  • J.P Morgan Securities LLC

Misrepresentation, Unsuitable Investments: Common FINRA Violations

Under FINRA rules, brokers and brokerage firms are prohibited from recommending investments that are inappropriate for the investor’s circumstances and desired levels of risk and return. Additionally, brokers are prohibited from misrepresenting investments, which means failing to disclose all material facts, providing unrealistic projection assumptions, or failing to conduct the appropriate due diligence regarding an investment.

Under the law, a securities brokerage firm may be held liable for the losses suffered by its customers who purchased the unsuitable or misrepresented investment from its employee-broker.

Gibbs Law Group's Financial Fraud Experience

Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.

We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).

Our Securities Arbitration Team

Scott Silver

Scott focuses his law practice on securities arbitration and litigation and plaintiff-side class action litigation, representing individual investors and institutions in claims against brokerage firms, investment advisors, commodities firms, hedge funds and others.

Michael Schrag

Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.

Eileen Epstein Carney

Eileen is involved in the firm’s securities practice and has over a decade of experience in the legal world. She received her law degree from American University in 2005.

Dave Stein

David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.

Amanda Karl

Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.