JPMorgan asks court for injunction against rep who left for Merrill Lynch
Bank claims Gabriel Campbell took confidential client information
J.P. Morgan Securities has asked a federal court in Indiana to grant a temporary and preliminary injunction restraining one of its former brokers, Gabriel Campbell, from soliciting former clients to join him at his new employer, Merrill Lynch.
JPMorgan also asked that the court order Mr. Campbell to return proprietary customer information and that the injunction remain in effect until a Financial Industry Regulatory Authority Inc. arbitration panel can decide the case.
Mr. Campbell resigned from the JPMorgan office in Bloomington, Ind., on May 25, and immediately began working at Merrill Lynch, according to a complaint filed with the U.S. District Court for the Southern District of Indiana.
The complaint goes on to state that many Morgan clients informed the firm that they were told by Mr. Campbell in advance of his departure of his intention to leave and join Merrill Lynch. At least three of the clients indicated that Mr. Campbell “expressly asked them to join him at his new firm,” according to the complaint.
Mr. Campbell began his securities career with Edward Jones in 2006 and moved to Chase Investment
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