A former JPMorgan employee is facing disciplinary action from the Financial Industry Regulatory Authority (FINRA) for alleged breaches of regulations.
Dale Self has been fined $5,000 and suspended from interacting with FINRA members for 15 business days. The penalties stem from accusations that Self improperly collected personal data from over 200 J.P. Morgan Securities clients without their or his employer’s consent.
Self, who worked at JPMorgan Chase’s investment management division for more than ten years, is said to have taken notes containing sensitive customer information—including dates of birth, Social Security numbers, and financial details—into a personal notebook.
FINRA asserts that Self intended to use this information for a future job at a competing firm, preparing account forms and customer software in advance of transferring these clients’ accounts.
Self has since returned the data to J.P. Morgan Securities at their request and has settled the case with FINRA without admitting to or denying the charges.
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