MS · News · 20260825N

Brokerage Litigation

MORGAN STANLEY · 2026-08-25 · Importance 40 · Surprise 42

JPMorgan Chase filed a motion seeking to hold former advisor Christopher J. Lee in contempt in an ongoing dispute involving his move to Morgan Stanley. JPMorgan alleges that Lee violated a temporary restraining order by continuing to solicit former clients. The alleged conduct reportedly resulted in more than $375 million of client assets transferring to Morgan Stanley after the order was issued, and JPMorgan is seeking penalties against Lee.