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Ed Turley: $23MM Complaint Against JP Morgan Rep

San Francisco broker and investment adviser Ed Turley (CRD# 1872294) has received pending investor complaints alleging cumulative damages of more than $40 million. According to records provided by the Financial Industry Regulatory Authority (FINRA), Turley is currently registered with JP Morgan Securities.

Ed Turley’s FINRA-maintained BrokerCheck report lists a total of four pending investor complaints against him, all filed in 2020.

A pending complaint filed in September 2020 alleges that as a representative of JP Morgan Securities, Ed Turley recommended unsuitable investments, used discretion, and recommended an unapproved outside investment between July 2013 and July 2020. The pending complaint alleges damages of $5 million.

A second pending complaint filed in 2020 alleges that as a representative of JP Morgan Securities, Ed Turley exercised discretion and recommended unsuitable investments in fixed income products, master limited partnerships, foreign currencies, alternative assets, and common and preferred stock products between August 2016 and July 2020. The pending complaint alleges damages of $11.3 million.

A third pending complaint filed in June 2020 alleges that as a representative of JP Morgan Securities, Ed Turley exercised discretion, executed unsuitable trades, and solicited an unauthorized private securities transactions. The pending complaint alleges damages of $23 million.

A fourth pending complaint filed in May 2020 alleges that as a JP Morgan representative, he engaged in unsuitable trading and exercised discretion. The pending complaint alleges damages of $5 million.

Financial Industry Regulatory Authority (FINRA) records show that Ed Turley holds 28 years of securities industry experience. He has been registered with JP Morgan Securities in San Francisco, California as a broker and investment adviser since 2009. He was previously registered with Lehman Brothers in New York, New York; CS First Boston Corporation in New York, New York; and Morgan Stanley & Company in New York, New York. He has passed six securities industry qualifying examinations: the Uniform Combined State Law Examination, or Series 66; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the National Commodity Futures Examination, or Series 3. He currently holds 53 state securities licenses. (Information current as of July 13, 2021.)

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