Defendant Name: J.P. Morgan Investment Management Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: JPMorgan Chase & Co.
SIC Code: 6021
CUSIP: 46625H10

Initial Case Details

Legal Case Name In the Matter of J.P. Morgan Investment Management Inc.
First Document Date 14-Oct-2015
Initial Filing Format Administrative Action
File Number 3-16897
Allegation Type Securities Offering

Violations Alleged

Other
• Rule 105 Regulation M Exchange Act

Resolutions

First Resolution Date 14-Oct-2015
Headline Total Penalty and Disgorgement $1,084,210

Related Documents:

34-76143 14-Oct-2015 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order and Civil Penalty
On October 14, 2015, the SEC instituted settled cease-and-desist proceedings against J.P. Morgan Investment Management Inc. According to the SEC: "On ten occasions, from October 2009 through September 2012, [J.P. Morgan Investment Management Inc.] bought offering shares from an underwriter or broker or dealer participating in a follow-on public offering after having sold short the same security during the restricted period. These violations collectively resulted in profits of $662,763."
2015-239 14-Oct-2015 Press Release--Administrative Proceeding
SEC Charges Six Firms for Short Selling Violations in Advanced of Stock Offerings
On October 14, 2015, the SEC announced enforcement actions against six firms, "as part of its ongoing enforcement initiative focused on violations of Rule 105 of Regulation M." According to the SEC, the 2015 enforcement was the third round of its Rule 105 of Regulation M enforcement initiative. The initial round was in 2013 and the second round in 2014.