Edward Turley, JP Morgan Face $56M Claim Alleging Misrepresentation and Unsuitable Trading

In December of 2021 our firm helped secure a $4M award for Lacey Winston Keath who was a victim of unauthorized trading of unsuitable securities by ex-JP Morgan broker Edward L. Turley.

Now, Turley faces another customer complaint alleging the exercise of discretion, misrepresentation, and unsuitable trading. This time, the client is claiming nearly $56 million in damages.

According to AdvisorHub.com, the customer who is suing Turley – a Texas businessman with family ties to the oil and cattle ranching industry – alleges that J.P. Morgan failed to supervise Turley despite clear red flags that he was engaged in excessive and unauthorized trading and that he misled clients about the risky assets and margin loan balances in their accounts.

Sonn Law Group is interested in hearing from customers of JP Morgan and ex-broker Edward Turley who have suffered investment losses based on a similarly risky investment strategy as described here.

To schedule a free, no-obligation consultation with securities fraud attorney Jeffrey Sonn, call Sonn Law Group anytime at 305-912-3000 or send us a message using the short form below.