Defendant Name: J.P. Morgan Securities LLC

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 Securities LLC
First Document Date 29-Sep-2020
Initial Filing Format Administrative Action
File Number 3-20094
Allegation Type Market Manipulation

Violations Alleged

Securities Act
• Sec 17(a)(3)

Resolutions

First Resolution Date 29-Sep-2020
Headline Total Penalty and Disgorgement $35,000,000

Related Documents:

33-10858 29-Sep-2020 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 29, 2020, the SEC instituted settled cease =-and-desist proceedings against J.P. Morgan Securities LLC. The Commission stated: "Between April 2015 and January 2016 (the “Relevant Period”), certain traders (“Traders”) on the U.S. Treasuries trading desk at JPMS (the “JPMS Treasuries Desk”) engaged in manipulative trading of U.S. Treasury (“Treasury”) cash securities in the secondary market."
2020-233 29-Sep-2020 Press Release--Administrative Proceeding
J.P. Morgan Securities Admits to Manipulative Trading in U.S. Treasuries
The SEC "announced charges against J.P. Morgan Securities LLC, a broker-dealer subsidiary of JPMorgan Chase & Co., for fraudulently engaging in manipulative trading of U.S. Treasury securities. J.P. Morgan Securities admitted the findings in the SEC's order, and agreed to pay disgorgement of $10million and a civil penalty of $25 million to settle the action."