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Newton Nganga Fired by J.P. Morgan for Outside Business Activity
Did you invest in securities with Newton Nganga, formerly at J.P. Morgan? Israels & Neuman is investigating allegations involving Newton Nganga, who formerly was a representative with J.P. Morgan and worked in a New York City office. He was fired by J.P. Morgan in July 2025.
Allegations Regarding Firing Newton Nganga
FINRA operates a website called BrokerCheck, which provides the public with disclosures about a financial advisor’s record. BrokerCheck reveals that Ngagna “was terminated for failing to request approval for an outside activity related to a securities trading algorithm he created and sought external investors for”. It further disclosed that J.P. Morgan was not aware of “any known customer complaints” related to this conduct.
Background on Newton Nganga
Newton Nganga was licensed with J.P. Morgan from August 2024 to July 2025 at a New York, New York office.
Can J.P. Morgan Be Liable for its Advisors’ Conduct?
Pursuant to FINRA Rule 3110, J.P. Morgan must adequately monitor the activity of its advisors. J.P. Morgan could be responsible for investor losses if it failed to reasonably supervise him.
We Help Investors Nationwide, Including in New York
We represent investors throughout the United States as well as New York, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Newton Nganga and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.