JPM is a broker-dealer and investment banking firm. In late 2008, Bear Stearns & Co. Inc. merged with JPM, with Bear Stearns becoming the surviving entity. Following the merger, Bear Stearns rebranded as J.P. Morgan Securities Inc. (the plaintiff). The complaint uses JPM and Bear Stearns interchangeably. Defendant Jason Ader is the president and CEO of Hayground Cove Asset Management LLC, with other Hayground Cove entities also involved.