JPMorgan Found in Probe to Have Retaliated Against Adviser
- Ex-employee claimed pressure to sell bank’s own products
- JPMorgan says it will appeal OSHA investigator’s finding
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JPMorgan Chase & Co. wrongfully fired a financial adviser in retaliation for publicly complaining that managers pressured him to sell the bank’s own investment products, a federal investigator found.
JPMorgan said it will appeal the finding, which awarded Johnny Burris $64,400 in back wages and $100,000 for reputational damage, pain and suffering. The finding by an investigator for the U.S. Occupational Safety and Health Administration was released on Tuesday.