Defendant Name:
J.P. Morgan Securities LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
JPMorgan Chase & Co.
SIC Code:
6021
CUSIP:
46625H10
Document Reference:
33-10858
Document Details
Legal Case Name
In the Matter of J.P. Morgan Securities LLC
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
29-Sep-2020
Document Format
Administrative Proceeding
Allegation Type
Market Manipulation
Document Summary
On September 29, 2020, the SEC instituted settled cease =-and-desist proceedings against J.P. Morgan Securities LLC. The Commission stated: "Between April 2015 and January 2016 (the “Relevant Period”), certain traders (“Traders”) on the U.S. Treasuries trading desk at JPMS (the “JPMS Treasuries Desk”) engaged in manipulative trading of U.S. Treasury (“Treasury”) cash securities in the secondary market."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Disgorgement
Individual:
$10,000,000.00
Shared:
Civil Penalty
Individual:
$25,000,000.00
Shared:
