J.P. Morgan Ordered to Pay Ex-Bank Broker $1.4M in Defamation Case

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In a rare David vs. Goliath win for a broker in a firm defamation case, an ex-J.P. Morgan Chase private client advisor was granted authorization to clear his record of a termination notice and also awarded $1.4 million for his trouble, according to a Financial Industry Regulatory Authority arbitration award issued this week. 

The three-person panel found the allegations J.P. Morgan made against Dustin B. Luckett, were in fact “defamatory.” The firm discharged him nearly five years ago over allegedly having a colleague notarize a document without the signing client present and a related violation of its anti-retaliation policies. Read More

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