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 27-Jul-2022
Initial Filing Format Administrative Action
File Number 3-20936
Allegation Type Broker Dealer

Violations Alleged

Other
• Rule 201 Regulation S-ID

Resolutions

First Resolution Date 27-Jul-2022
Headline Total Penalty and Disgorgement $1,200,000

Related Documents:

34-95367 27-Jul-2022 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) And 21C of the Securities Exchange Act of 1934 and Sections 203(e) And 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On July 27, 2022, the SEC instituted settled administrative and cease-and-desist proceedings against J.P. Morgan Securities LLC, stating: "These proceedings arise out of JPMS’s failure to adequately develop and implement a written identity theft prevention program as required by Rule 201 of Regulation S-ID."
2022-131_3-20936 27-Jul-2022 Press Release--Administrative Proceeding
SEC Charges JP Morgan, UBS, and TradeStation for Deficiencies Relating to the Prevention of Customer Identity Theft
The SEC statet that "separately charged J.P. Morgan Securities LLC, UBS Financial Services Inc., and TradeStation Securities, Inc. for deficiencies in their programs to prevent customer identity theft, in violation of the SEC's Identity Theft Red Flags Rule, or Regulation S-ID."