JPMorgan Chase is accusing a financial advisor of discriminating against her due to being a woman.
Gwendolyn Campbell’s lawyers, 53, claimed in a lawsuit JPMorgan creates a hostile working environment. They accuse management of allowing male financial advisors at the company “steal” her clients. Campbell was excluded from key meetings and Campbell was “belittling” before colleagues.
Douglas Wigdor and Michael Willemin, Campbell’s attorneys, filed the complaint with California’s Department of Fair Employment and Housing. JPMorgan has its New York headquarters, while Campbell is based in California.
“Ms. Campbell’s EEOC complaint against JP Morgan reveals a complete lack in control and accountability at JP Morgan when it comes to issues such as discrimination, harassment and basic human dignity and respect,” Wigdor, Willemin stated in a statement to CBS MoneyWatch. “It is shocking that the alleged misconduct has been going on for over a year and a half without any remedy.
Willemin stated that Campbell attempted to prevent coworkers from reaching out to her clients by filing a temporary restraining order against certain employees. Campbell filed a complaint to the U.S. after a December judge rejected her request. He said that Equal Employment Opportunity Commission had denied his request.
JPMorgan declined comment to Campbell’s allegations, but noted that the judge refused to grant the restraining orders.
The company stated in a statement to CBS MoneyWatch that “a federal court has already spoken about many of these issues.” “As we’ve communicated before, we will investigate any concerns raised by employees.”
JPMorgan Chase, the largest U.S. bank with almost $3 trillion in assets, is JPMorgan Chase.
Campbell joined JPMorgan in Oct 2020, having previously worked at Goldman Sachs and Merrill Lynch.
She wrote that she was made to feel targeted by my gender because I had started my job. My colleague informed me that my soon to be manager had openly disowned me, telling colleagues that he prefers to hire a male financial advisor but that he needed to hire a female. This statement was a slap on my face and a rebuke to all of my accomplishments over the past 30 years.
Campbell claimed that her male colleagues have offered clients large loans at favorable terms and poached them. Campbell stated in her post that one client was offered a loan of $50 million to transfer assets to another man at JPMorgan. She continued to observe JPMorgan’s attacks on her.
According to the lawsuit, Campbell has been deprived of literally millions of dollars in compensation due to the theft of client transactions by other divisions.
Campbell’s lawyers stated that they are now waiting to see if EEOC initiates an investigation.
Wall Street has been accused of gender bias for years. Bank of America paid $39 million in 2013 to settle a case of gender discrimination in which female brokers claimed they were paid less than their male counterparts.
According to a report by Good Jobs First, a pro-labor group, banks ranked first in the United States for settlements of cases involving gender discrimination or sexual harassment.
