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JPMorgan to Fight $2.5M Award to FA Fired Over Bank Deposits

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.

JPMorganThe 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.

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