Defendant Name:
J.P. Morgan Investment Management Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
JPMorgan Chase & Co.
SIC Code:
6021
CUSIP:
46625H10
Document Reference:
34-76143
Document Details
Legal Case Name
In the Matter of J.P. Morgan Investment Management Inc.
Document Name
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 and Civil Penalty
Document Date
14-Oct-2015
Document Format
Administrative Proceeding
Allegation Type
Securities Offering
Document Summary
On October 14, 2015, the SEC instituted settled cease-and-desist proceedings against J.P. Morgan Investment Management Inc. According to the SEC: "On ten occasions, from October 2009 through September 2012, [J.P. Morgan Investment Management Inc.] bought offering shares from an underwriter or broker or dealer participating in a follow-on public offering after having sold short the same security during the restricted period. These violations collectively resulted in profits of $662,763."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$662,763.00
Shared:
Civil Penalty
Individual:
$364,689.00
Shared:
Pre-Judgment Interest
Individual:
$56,758.40
Shared:
Total Penalty
Individual:
$1,084,210.40
Shared:
