A former JPMorgan employee is facing serious consequences for allegedly stealing sensitive information from over 200 customers.
The Scoop:
Dale Self, a former general securities representative at JPMorgan Chase’s investment arm, J.P. Morgan Securities, is accused of taking personal information from customers without their consent or his employer’s knowledge.
What Happened?
Self allegedly took handwritten notes containing customer information, including dates of birth, Social Security numbers, and financial account numbers, before leaving JPMorgan to join a rival firm. He then shared this information with his new employer to prepare account forms and populate customer relationship software.
The Fallout:
The Financial Industry Regulatory Authority (FINRA) has slapped Self with a $5,000 fine and a 15-day suspension from associating with any of its members. Self has agreed to settle with FINRA without admitting or denying guilt.
Important Note: This situation highlights the importance of protecting sensitive customer information and the serious consequences that can arise from mishandling it.
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