JPMorgan Says Ex-Advisor Is Trying to Poach $250M Book

News October 22, 2024 at 05:01 PM
Share & Print

What You Need To Know

  • Gary Carruthers has already persuaded over 24 former clients to transfer their business to Wells Fargo, according to a lawsuit.
  • JPMorgan argues that Wells Fargo gave him over $1 million in incentives to breach restrictions and switch jobs.
  • The bank says Carruthers, who spent 15 years at JPMorgan, had about 369 clients with roughly $250 million under management at the time of his resignation.
JPMorgan's New York Headquarters

What You Should Be Reading

Immediate Answers to Critical Tax Questions At Your Fingertips

Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.

Get More Information

Recently Added Q&As

How are business expenses reported for income tax purposes?
Get Answer
What is a charitable IRA rollover or qualified charitable distribution?
Get Answer
What are the tax benefits that can be realized by providing employee benefits through a cafeteria plan?
Get Answer
What are the Social Security and Medicare tax rates for traditional employees and employers?
Get Answer
What developments have emerged regarding a fiduciary’s consideration of environmental, social and governance (ESG) issues in making investment decisions?
Get Answer
What are the Social Security tax and Medicare rates for self-employed taxpayers?
Get Answer
How is it determined whether a taxpayer is an independent contractor or a common law employee?
Get Answer
What is FBAR, and does a U.S. citizen living in Canada need to be concerned with FBAR requirements?
Get Answer

Related Stories

Resource Center

Recommended For You