JPMorgan Sues Advisor Who Jumped to Morgan Stanley

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JPMorgan Chase is bringing another former advisor to court, claiming he broke non-solicitation vows in his employment agreements with the firm when he left to join Morgan Stanley.

According to the suit filed in federal court in Florida this week, Brian Krauthamer was a private client advisor operating out of a JPMorgan bank branch office in Boca Raton, Fla. However, on May 1, he resigned and shortly afterward joined Morgan Stanley.

JPMorgan is asking for a temporary restraining order to stop Krauthamer's alleged attempts to entice his former clients to join him at his new firm.

According to FINRA, Krauthamer first entered the industry in 2006 at Ameriprise, then joined Chase Investment Services in 2010 and officially registered with JPMorgan Chase two years later.

JPMorgan claimed that Krauthamer had signed restrictive covenants prohibiting him from soliciting the firm's clients for one year after his employment ended and requiring him to maintain the confidentiality of client information.

After becoming a Select Private Client Advisor in 2024, Krauthamer moved from

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/jpmorgan-sues-advisor-jumped-morgan-190612030.html)