Related Documents:
34-70458
19-Sep-2013
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
On September 19, 2013, the SEC deemed it appropriate that cease-and-desist proceedings be instituted and determined to accept an Offer of Settlement that JPMorgan submitted.
34-70615
04-Oct-2013
Administrative Proceeding
Order Appointing Tax Administrator
On October 4, 2013, the SEC ordered that Damasco and Associates LLP be appointed Tax Administrator for the Qualified Settlement Fund in this proceeding.
34-70780
30-Oct-2013
Administrative Proceeding
Extension Order
On October 30, 2013, the SEC granted "the Division's request for an extension of time, until May 19, 2014, to submit a Proposed Plan of Distribution."
34-71654
05-Mar-2014
Administrative Proceeding
Order Establishing a Fair Fund
On March 5, 2014, the SEC ordered that a Fair Fund be established. JPMorgan Chase & Co. was previously required to "pay a civil money penalty in the amount of $200,000,000 to the Commission," which will be distributed through this Fair Fund.
34-71825
27-Mar-2014
Administrative Proceeding
Order Appointing Fund Plan Administrator and Setting Administrator Bond Amount
On March 27, 2014, the SEC ordered that RCB Fund Services, LLC "is appointed as the fund administrator and shall obtain a bond in accordance with Rule 1150(c) in the amount of $200,000,000."
34-72181
16-May-2014
Administrative Proceeding
Extension Order
On May 16, 2014, the Commission granted the "Division's request for an extension of time, until September 30, 2014, to submit a Proposed Plan of Distribution."
34-73824
11-Dec-2014
Administrative Proceeding
Notice of Proposed Plan of Distribution and Opportunity for Comment
On December 11, 2014, the SEC issued a Notice of Proposed Plan of Distribution and Opportunity for Comment.
Proposed Plan of Distribution
The Division of Enforcement submitted its Proposed Plan of Distribution (the "Distribution Plan") to the Securities and Exchange Commission (the "Commission") pursuant to Rule 1101 of the Commission's Rules on Fair Fund and Disgorgement Plans. The Distribution Plan "proposes to utilize civil money penalties paid by JPMorgan Chase & Co. ('Respondent' or 'JPM') to compensate investors harmed when JPM failed to disclose accurately in public filings made with the Commission the true amount of trading losses it suffered in the first quarter of 2012, and the effectiveness of its disclosure controls and procedures."
34-74266
12-Feb-2015
Administrative Proceeding
Order Approving Plan of Distribution
On February 12, 2015, the SEC approved the Division of Enforcement's request that the Commission approve its proposed Distribution Plan. The request followed notice published on December 11, 2014 and a opportunity for comment.
Plan of Distribution
The Division of Enforcement submitted its Plan for Distribution to the SEC. The Plan seeks to "utilize civil money penalties paid by JPMorgan Chase & Co. to compensate investors harmed when JPMorgan failed to disclose accurately in public filings made with the Commission the true amount of losses it suffered in the first quarter of 2012, and the effectiveness of its disclosure controls and procedures." Among the provisions of the plans: The appointment of RCB Fund Services, LLC as the fund plan administrator and Damasco & Associates, LLP as the Tax Administrator of the Fair Fund.
Notice of Name Change of Appointed Tax Administrator
On June 30, 2017, the SEC announced a Name Change of Appointed Tax Administrator, and amended the Omnibus Order, beginning June 2017 and for calendar year 2018, to replace all references to Damasco with "Miller Kaplan Arase LLP which acquired Damasco & Associates LLP" in order to reflect Damasco's name change.
34-81383
11-Aug-2017
Administrative Proceeding
Order Directing Disbursement of Fair Fund
According to the SEC: "Accordingly, it is ORDERED that the Commission staff shall disburse $200,000,000 from the Fair Fund to Huntington National Bank and that the Fund Plan Administrator shall distribute such monies to investors as provided for in the Distribution Plan."
34-84532
05-Nov-2018
Administrative Proceeding
Order Setting Fund Administrator's Bond Amount
On November 5, 2018, the SEC issued an order stating: "Due to the compelling difference in cost, the staff has concluded that there is no need to require a bond greater than the funds now at risk. The staff has requested that the Commission set the bond amount that the administrator is required to have going forward to $8,221,768.00."
34-86727
22-Aug-2019
Administrative Proceeding
Order Directing Disbursement of Fair Fund
The Commission stated: "[I]t is ORDERED that:
A. The Office of Financial Management shall transfer $1,166,112.10 in remaining funds held at the Commission to the Fair Fund’s escrow account at Huntington National Bank; and B. The Fund Administrator shall then disburse a total of $9,488,801.91 from the Fair Fund’s escrow account at Huntington National Bank for distribution to Eligible Claimants in accordance with the Plan."
34-101134
23-Sep-2024
Administrative Proceeding
Order Authorizing the Transfer to the U.S. Treasury of the Remaining Funds and any Funds Returned to the Fair Fund in the Future, Discharging the Fund Administrator, Canceling the Administrator's Bond, and Terminating the Fair Fund
The Commission ordered that: "A. the Fair Fund's remaining funds that are infeasible to return to investors, in the amount of $183,842.73, and any funds returned to the Fair Fund in the future that are infeasible to return to investors, shall be transferred to the U.S. Treasury . . . ; B. the Fund Administrator, RCB Fund Services, LLC is discharged; C. the Fund Administrator's bond is canceled; and D. the Fair Fund is terminated."
