Three JP Morgan Formers Fired For Communicating On Personal Devices Have All Found New Jobs On Wall Street

Three executives that were ousted from J.P. Morgan for using their personal phones to communicate work information have landed new jobs in the industry. The news serves as a positive beacon for the rest of Wall Street, who were collectively nervous about an ongoing U.S. regulator probe into the practice.

Bloomberg called the phone rule “a rule that just about everyone seemed to be breaking”.

Despite J.P. Morgan paying $200 million in fines for the practice, Ben Sykes, an executive director who left last year wound up finding a new job at Jefferies. Earl Dowling, a former managing director landed at PJT Partners and Ed Koo, another JP Morgan executive that was ousted, is now a portfolio manager at Brean Asset Management, according to Bloomberg.

Sykes FINRA BrokerCheck record reads that he was “terminated for violating the firm’s communication policy by moving several internal business communications from a surveilled approved electronic communication channel to an unapproved electronic communication channel, and for the inappropriate content of certain communications.”

Koo’s says he “used a third-party social media application for internal business communications.”- READ MORE