JPMorgan Chase Black Female Financial Advisers Sue Alleging Bias

Two Black female financial advisers accused JPMorgan Chase & Co. of steering them to less affluent branches, allowing colleagues to steal their clients during maternity leave, and other race and sex discrimination.

Laura Agard and Roshanna Richardson say their mistreatment is part of the bank’s “long history” of systemic bias, as evidenced by its paying the Equal Employment Opportunity Commission $1.45 million in 2014 to settle sexual harassment allegations, the Labor Department $9.8 million in 2020 to resolve pay discrimination claims, and a class of Black advisers $24 million to end a 2018 suit.

The similar discrimination, harassment, and retaliation ...