FINRA Bars Ed Turley after Allegations of Unsuitable Trading, Misrepresentation
According to public records posted on FINRA’s website today, the Financial Industry Regulatory Authority has reportedly barred Edward “Ed” Turley (CRD#: 1872294) from associating with any FINRA member at any time.
Turley reportedly accepted the bar after allegedly refusing to provide on-the-record testimony during FINRA’s investigation. According to FINRA’s findings, the investigation was purportedly in connection with Turley’s trading in customer accounts, allegedly including but not limited to the use of foreign currency and margin, and the purchasing and selling of high-yield bonds and preferred stock.
As we reported last September, JP Morgan Securities reportedly dismissed Turley after five customer complaints were reportedly filed against him between May 2020 and July 2021. The complaints, which allege “exercise of discretion and unsuitable trading, and solicitation of an unauthorized private securities transaction” among others, are seeking more than $62 million in damages, according to FINRA.
According to comments on his broker report, JP Morgan reportedly fired Turley for “loss of confidence concerning adherence to firm policies and brokerage order handling requirements.”
Turley’s broker report indicates he was registered with the following FINRA firms during his career in the securities industry, among others:
04/23/2009 – 09/16/2021, J.P. MORGAN SECURITIES LLC (CRD#:79), SAN FRANCISCO, CA,
B, 04/03/1995 – 12/06/2005, LEHMAN BROTHERS INC. (CRD#:7506), NEW YORK, NY
Potential Lawsuits to Recover Investment Losses
The White Law Group is investigating potential securities fraud claims regarding the liability that Edward Turley’s employers may have for failure to properly supervise him. To learn more about the investigation, please see:
When brokers violate securities laws, such as making unauthorized transactions or unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.
We represent investors in FINRA arbitration claims in all 50 states including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Edward Turley, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.
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