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 16-Jan-2024
Initial Filing Format Administrative Action
File Number 3-21829
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Rule 21F-17(a) Exchange Act

Resolutions

First Resolution Date 16-Jan-2024
Headline Total Penalty and Disgorgement $18,000,000

Related Documents:

34-99344 16-Jan-2024 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 Section 203(e) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On January 16, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against J.P. Morgan Securities, LLC, stating: "This matter relates to JPMS's violations of the whistleblower protections afforded under Exchange Act Rule 21F-17(a)."
2024-7 16-Jan-2024 Press Release--Administrative Proceeding
J.P. Morgan to Pay $18 Million for Violating Whistleblower Protection Rule; Firm's Confidential Agreements Impeded Clients From Communicating With the SEC
On January 16, 2024, the SEC "announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay an $18 million civil penalty to settle the charges."