News

Female JPMorgan Chase financial adviser sues the banking giant for ‘discriminating against her’


Gwendolyn Campbell, 53, alleged in a lawsuit filed Friday with California’s Department of Fair Employment and Housing (DFEH) that America’s biggest bank has discriminated against her because she is a woman

A female JP Morgan Chase financial advisor is suing the banking giant because it allegedly allowed male staff to steal her clients and excluded her from key meetings.

Gwendolyn Campbell filed a lawsuit against America’s biggest bank claimed it had discriminated against her because she is a woman.

The 53-year-old mother of two, who works from home in California due to being immunocompromised, blasted bosses in the suit for taking ‘advantage of her’.

She also penned a brutal medium post in which she slams ‘a complete lack of control and accountability at the bank when it comes to issues of discrimination’.

Campbell’s $1.1 billion New York-based financial advising group was recruited from Merrill Lynch in 2020.

The financial advisor with more than 30 years experience cited JPMorgan’s wealth management and unique career prospects as reasons for joining.

But her lawyers argued in court filings sent on Friday to California’s Department of Fair Employment and Housing argued this was no longer the case, CBS reported.

The suit alleges JPMorgan agreed to provide accommodations and later took advantage of ‘her vulnerable position,’ harming her career irreparably as a result.

‘J.P Morgan has thanked Campbell by trying to steal her clients pursuant to a well-known ”playbook,” casting her aside,’ the complaint reads.

Campbell’s lawyers claimed that one of her clients told her that JPMorgan had him in a ‘noose’ with their loans, as it had offered him ‘$50 million’ in new loans to ‘drop her.’

It is unclear what damages Campbell is seeking, DailyMail.com has reached out to her attorneys for comment.  

Campbell claims that the banking giant bribed her clients to 'drop her'

Campbell claims that the banking giant bribed her clients to ‘drop her’ 

Her lawyers argued that one of her clients told her that JPMorgan had him in a 'noose' with their loans, as it had offered him '$50 million' in new loans to 'drop her'

Her lawyers argued that one of her clients told her that JPMorgan had him in a ‘noose’ with their loans, as it had offered him ‘$50 million’ in new loans to ‘drop her’

Campbell said that during the roughly two years after joining JPMorgan Chase, she has been subjected to discrimination and misogyny. 

She claimed that the bank bribed her clients with loans to move away from her and obstructed her requests for resources for clients.  

‘Where that was not enough, J.P. Morgan began to take away Campbell’s resources, exclude her from client meetings and terms sheets, ostracize and bully her and interfere with her performing her job for clients,’ the lawsuit states. 

One client even told the financial advisor that seeing being ostracized ‘was like watching the movie ”Sleeping with the Enemy,” where a woman had to fake her own death to escape an abusive relationship,’ Campbell’s lawyers said.

In a medium post on April 29, Campbell wrote that JP Morgan recruited her for her clients, over $1 billion in assets, millions of dollars of fees, and experience. 

‘Ms. Campbell’s EEOC filing against JP Morgan describes a complete lack of control and accountability at the bank when it comes to issues of discrimination, harassment, and basic human decency and respect,’ her lawyers told CBS. 

‘The fact that the alleged conduct has continued for more than a year-and-a-half without remedy is appalling.’

Campbell filed a restraining order in an earlier attempt to prevent coworkers from contacting her clients, but the request was denied by a judge in December. 

Campbell's $1.1 billion financial advising group was recruited from Merrill Lynch in 2020

Campbell’s $1.1 billion financial advising group was recruited from Merrill Lynch in 2020

In a medium post on April 29, Campbell wrote that JP Morgan recruited her for her clients, over $1 billion in assets, millions of dollars of fees, and experience

In a medium post on April 29, Campbell wrote that JP Morgan recruited her for her clients, over $1 billion in assets, millions of dollars of fees, and experience

JPMorgan refused to comment on the ongoing court proceedings but  pointed out the denied request in a statement to CBS. 

‘A federal court has already spoken on many of these matters,’ the company said, according to the outlet. ‘As we have previously communicated, we will investigate any employee’s concerns that are escalated.’ 

Campbell’s lawyers argued in the filing that her professional reputation has been irremediably tainted. 

JP Morgan ‘has used its power and financial might to try to crush Campbell, destroy her career and suppress information about its illegal and retaliatory acts,’ they claimed. 

‘As the sole breadwinner for her family, and only financial supporter of her children’s medical needs, Campbell understood that J.P. Morgan would stop at nothing….’ 

Campbell, who says has been recognized by Barron’s, Forbes, The Financial Times, and Working Mother Magazine for her career accomplishments, said she hopes justice prevails. 



Source link

Related Articles

Back to top button