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:
34-97787
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 Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
22-Jun-2023
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On June 22, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against J. P. Morgan Securities LLC, stating: "These proceedings arise out of the deletion by JPMorgan of approximately 47 million electronic communications in about 8,700 electronic mailboxes relating to the period January 1 through April 23, 2018, many of which were business records required to be retained pursuant Section 17(a) of the Exchange Act and Rule 17a-4(b)(4) thereunder."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$4,000,000.00
Shared:
