A class action lawsuit was filed on July 13, 2012 in the Supreme Court of the State of New York against JPMorgan Chase & Co. (JPMorgan). JPMorgan, unbeknownst to its customers, has directed its clients into its own JPMorgan funds even when those funds were not suitable investments. JPMorgan did so to earn increased fees at the expense of their clients. As a result of Defendant’s conduct, the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Manhattan district attorney, and officials in New Jersey and Delaware are investigating Defendant’s sales practices. All current or former JPMorgan clients who invested in JPMorgan mutual funds from January 1, 2007 through the present are eligible to participate in the suit. Continue reading “Class action filed against JPMorgan Chase”