Defendant Name: JPMorgan Chase Bank, N.A.

Defendant Type: Subsidiary of Public Company

Document Reference: 2018-306

Document Details

Legal Case Name In the Matter of JPMorgan Chase Bank, N.A.
Document Name JPMorgan to Pay More Than $135 Million for Improper Handling of ADRs
Document Date 26-Dec-2018
Document Format Administrative Proceeding
File Number 3-18963
Allegation Type Broker Dealer
Document Summary The SEC stated: "JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of "pre-released" American Depositary Receipts (ADRs)."

Disgorgement & Penalty Information

Resolutions
None Specified
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Disgorgement

Individual:     $71,000,000.00 Shared:    

Civil Penalty

Individual:     $49,700,000.00 Shared:    

Pre-Judgment Interest

Individual:     $14,400,000.00 Shared:    

Total Penalty

Individual:     $135,000,000.00 Shared:    

Related Documents:

33-10600 26-Dec-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 26, 2018, the SEC issued an order against JP Morgan Chase Bank, N.A. stating: "These proceedings arise out of JPMorgan's improper practices involving the pre-release of American Depositary Receipts ("ADRs")."