Defendant Name:
J.P. Morgan Securities LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
JPMorgan Chase & Co.
SIC Code:
6726
CUSIP:
46625H10
Initial Case Details
Legal Case Name
In the Matter of J.P. Morgan Securities Inc.
First Document Date
04-Nov-2009
Initial Filing Format
Administrative Action
File Number
3-13673
Allegation Type
Municipal Securities & Public Pensions
Violations Alleged
•
Section 15B(c)(1) Securities Act; Rule G-17, Municipal Securities Rulemaking Board
Resolutions
First Resolution Date
04-Nov-2009
Headline Total Penalty and Disgorgement
See Related Documents
Related Documents:
33-9080
04-Nov-2009
Administrative Proceeding
Order Under Section 27A(B) Of The Securities Act Of 1933 And Section 21E(B) Of The Securities Exchange Act Of 1934, Granting Waivers Of The Disqualification Provisions Of Section 27A(B)(1)(A)(Ii) Of The Securities Act Of 1933 And Section 21E(B)(1)(A)(Ii) Of The Securities Exchange Act Of 1934
On November 4th, 2009, the SEC granted a request from J.P. Morgan Securities Inc. of a waiver "of the disqualification provisions of Section 27A(b)(1)(A)(ii) of the Securities Act of 1933 ("Securities Act") and Section 21E(b)(1)(A)(ii) of the Securities Exchange Act of 1934 ("Exchange Act") arising from J.P. Morgan Securities' settlement of an administrative and cease-and-desist proceeding instituted by the Commission."
33-9079
04-Nov-2009
Administrative Proceeding
Order Under Rule 602(e) of The Securities Act of 1933 Granting a Waiver of the Rule 602(c)(3) Disqualification Provision
On November 4, 2009, the SEC granted a request from J.P. Morgan Securities Inc. for a "waiver of the Rule 602(c)(3) disqualification from the exemption from registration under Regulation E arising from J.P. Morgan Securities' settlement of an administrative and cease-and- desist proceeding instituted by the Commission."
33-9078
04-Nov-2009
Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933, and Sections 15(B) and 21C of The Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On November 4, 2009, the SEC instituted a settled administrative proceeding against J.P. Morgan Securities Inc. According to the SEC: "This case involves payments by a national broker-dealer to local firms whose principals or employees were friends of Jefferson County, Alabama public officials in connection with $5 billion in County bond underwriting and interest rate swap agreement business awarded to the broker-dealer."
2009-232
04-Nov-2009
Press Release--Administrative Proceeding
J.P. Morgan Settles SEC Charges in Jefferson County, Ala. Illegal Payments Scheme; SEC Separately Charges Two Former Managing Directors at Firm
On November 4, 2009, the SEC announced that it, "charged J.P. Morgan Securities Inc. and two of its former managing directors for their roles in an unlawful payment scheme that enabled them to win business involving municipal bond offerings and swap agreement transactions with Jefferson County, Ala. This is the SEC's second enforcement action arising from Jefferson County's bond offerings and swap transactions."
34-61028
19-Nov-2009
Administrative Proceeding
Order Appointing Tax Administrator
On November 19, 2009, the SEC appointed Damasco and Associates LLP as tax administrator.
34-61376
19-Jan-2010
Administrative Proceeding
Extension Order
On January 19, 2010, the SEC granted the Division of Enforcement's request for "an extension of time until July 31, 2010 to submit a proposed Plan of Distribution."
34-62738
18-Aug-2010
Administrative Proceeding
Notice of Proposed Plan of Distribution and Opportunity for Comment
On August 18, 2010, the SEC filed a Notice of Proposed Plan of Distribution and Opportunity for Comment.
Proposed Plan of Distribution
On August 18, 2010, a Proposed Plan of Distribution was published.
34-63060
07-Oct-2010
Administrative Proceeding
Order Approving Distribution Plan and Appointing a Plan Administrator
On October 7, 2010, the SEC ordered the approval of the Distribution Plan for the Fair Fund. The SEC also ordered the appointment of Nichola L. Timmons, a Commission employee, as the Plan Administrator. The SEC stated that: "No bond is required because the Plan Administrator is a Commission employee." According to the SEC: "The Distribution Plan states that monies from the Fair Fund will be distributed to Jefferson County, Alabama ('the County'), which was harmed by the Respondent's conduct, as further described in the Distribution Plan. The County will not be required to make a claim or submit documentation to establish its eligibility."
34-63812
01-Feb-2011
Administrative Proceeding
Order Directing Disbursement of Fair Fund
On February 1, 2011, the SEC ordered that, "the Commission staff shall disburse the Fair Fund in the amount stated in the validated electronic payment file of $25,033,692.30, as provided for in the Distribution Plan."
34-72303
03-Jun-2014
Administrative Proceeding
Order Authorizing the Transfer of Remaining Funds and Any Future Funds Returned to the Fair Fund to the U.S. Treasury, Discharging Plan Administrator and Terminating the Fair Fund
On June 3, 2014, the Commission ordered that the remaining money in fair funds and any future funds "shall be transferred to the U.S. Treasury" and that "Plan Administrator, Nichola L. Timmons, is discharged" and "the Fair Fund is terminated."
Other Defendants in Action:
Test_Anat
David Amsel
