JPMorgan Files Lawsuit Against Former Financial Advisor for Alleged Theft of Trade Secrets and Client Poaching

On January 14, 2026, JPMorgan filed a complaint in the U.S. District Court of Florida seeking a temporary restraining order and injunctive relief against a former financial advisor. The firm accuses the ex-employee of stealing confidential information, including trade secrets, to solicit JPMorgan clients and persuade them to join LPL Financial, their new employer. No technical details regarding the exfiltrated data or methods used were disclosed. The alleged impact involves potential client diversion and intellectual property violations.