Written by The White Law Group• July 3, 2025• 3:15 am• Blog, Current Investigations

Ex-JP Morgan Broker Edward Turley: Investors Lawsuits

Ex-JP Morgan Broker Edward Turley Barred from Securities Industry, featured by top securities fraud attorneys, the White Law Group

Investor Lawsuit Investigation – Edward Turley

The White Law Group is investigating potential securities claims involving former financial advisor Edward L. Turley, in light of numerous investor complaints, regulatory sanctions, and a significant recent arbitration decision involving his former employer, J.P. Morgan Securities.

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Recent FINRA Arbitration Win for Turley

In late December 2024, a Financial Industry Regulatory Authority (FINRA) arbitration panel ruled on J.P.?Morgan Securities’ claim seeking $39.7 million in damages from Turley. The firm had accused him of unjust enrichment, misrepresentation, breach of contract and fiduciary duty, and violations of internal policies.

Outcome:

The arbitration panel rejected J.P. Morgan’s entire claim.
The panel ordered J.P. Morgan to pay Turley $520,000 in attorney’s fees, plus approximately $12,000 in arbitration costs.
Despite Turley’s involvement in at least 13 customer complaints and settlements exceeding $51 million, including a separate $4 million arbitration award, the panel provided no explanation for dismissing J.P. Morgan’s claims.

This arbitration decision follows years of regulatory scrutiny and client litigation concerning Turley’s conduct while employed at J.P. Morgan.

Edward Turley – Regulatory Bar and Allegations

According to FINRA’s public records (CRD#: 1872294), Turley was most recently registered with J.P. Morgan Securities LLC. His BrokerCheck report reflects 15 disclosures, including numerous settled customer disputes and a permanent industry bar.

In November 2022, FINRA permanently barred Turley from associating with any FINRA member firm. According to the Letter of Acceptance, Waiver, and Consent (AWC), Turley refused to provide on-the-record testimony related to his trading practices in customer accounts—specifically involving foreign currencies, margin trading, high-yield bonds, and preferred stock.

He was previously terminated by JPMorgan Chase Bank in 2021 for alleged violations of firm policy and brokerage order handling requirements.

Edward Turley Customer Complaints

Turley has been the subject of numerous investor complaints, many involving unauthorized trading and unsuitable investment strategies:

June 2022 – Complaint for discretionary trading and misrepresentation settled for $5,000,000 (damages claimed: $55.6M).
March 2022 – Dispute over 2017–2022 trading settled for $5,000,000 (damages claimed: $6M).
July 2021 – Claim settled for $12,000,000 involving unsuitable recommendations.
September 2020 – Two separate cases settled for $8,214,856 and $6,100,000, both citing unsuitable and unauthorized trading, including an unapproved outside investment.
June 2020 – Complaint settled for $12,100,000, based on allegations of discretionary trading and an unauthorized private securities deal spanning eight years.
May 2020 – An arbitration award for breach of fiduciary duty, negligence, and fraud (requested damages: $11.5M).

Additional claims settled in 2023 and 2024 include:

$1,000,000, $1,500,000, and $175,000, with other settlements ranging from $212,500 to $350,000.

Risks of Broker Misconduct and Supervision Failures

When financial advisors misuse discretion, recommend unsuitable investments, or solicit unauthorized private securities transactions, it can result in significant investor losses. Brokerage firms such as J.P. Morgan are legally obligated to supervise their representatives. If they fail in that duty, they may be liable for resulting damages.

Recovery Options for Investors

If you invested with Edward Turley and are concerned about losses in your investment portfolio, you may have the right to recover damages through FINRA arbitration. The White Law Group is investigating whether J.P. Morgan Securities and other former employers failed to adequately supervise Turley.

FINRA Arbitration vs. Class Action – What’s the Difference?

FINRA arbitration is often faster and more confidential than a class action. It allows individual investors to pursue recovery based on their specific losses, and may lead to higher compensation than a class action, which typically consolidates claims and may result in reduced payouts.

Free Consultation

The White Law Group has successfully handled over 800 FINRA arbitration claims nationwide. If you have concerns about your investments with Edward L. Turley, contact our offices at 1-888-637-5510 for a free consultation.

To learn more, visit us at www.whitesecuritieslaw.com.

Frequently Asked Questions (FAQs) – Edward Turley

What were the allegations involving Edward Turley?
Turley faced multiple allegations including unauthorized trading, misuse of discretion, unsuitable investment recommendations, misrepresentation, and soliciting private securities transactions. He was permanently barred by FINRA for refusing to cooperate with an investigation.

Can I recover losses if I invested with Edward Turley?
Yes. If you invested through Turley and suffered financial harm, you may be eligible to recover losses through a FINRA arbitration claim.

What is the difference between a FINRA arbitration and a class action?
FINRA arbitration is typically more individualized and faster, allowing investors to recover based on their specific situation. Class actions consolidate claims and may take longer with smaller per-investor payouts.