Defendant Name:
J.P. Morgan Securities LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2011-131
Document Details
Legal Case Name
SEC v. J.P. Morgan Securities LLC (f/k/a J.P. Morgan Securities Inc.)
Document Name
J.P. Morgan to Pay $153.6 Million to Settle SEC Charges of Misleading Investors in CDO Tied to U.S. Housing Market; Harmed Investors Getting Their Money Back, Firm to Pay Penalty and Change Practices
Document Date
21-Jun-2011
Document Format
Civil Proceeding
Case Number
11-cv-04206
Federal District Court
New York, Southern District of New York
Allegation Type
Securities Offering
Document Summary
On June 21, 2011, the SEC announced that, "J.P. Morgan Securities LLC will pay $153.6 million to settle SEC charges that it mislead investors in a complex mortgage securities transaction just as the housing market was starting to plummet. Under the settlement, harmed investors will receive all of their money back."
Disgorgement & Penalty Information
Resolutions
Various undertakings
Fair Funds