A spokesperson for JPMorgan said the firm plans to appeal a FINRA arbitration panel’s decision that it must pay $2.5 million to a financial advisor fired in 2017 over allegedly violating anti-money laundering laws. So reports MyFinAssets.
The panel agreed, two to one, with Liet Han’s claim that JPMorgan had defamed him.
The firm had alleged that Han split up a big personal deposit to dodge JPMorgan’s reporting requirement.
Read the full article from MyFinAssets.