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: 34-99344

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 and Section 203(e) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date 16-Jan-2024
Document Format Administrative Proceeding
File Number 3-21829
Allegation Type Investment Advisers/Investment Companies
Document Summary On January 16, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against J.P. Morgan Securities, LLC, stating: "This matter relates to JPMS's violations of the whistleblower protections afforded under Exchange Act Rule 21F-17(a)."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $18,000,000.00 Shared:    

Related Documents:

2024-7 16-Jan-2024 Press Release--Administrative Proceeding
J.P. Morgan to Pay $18 Million for Violating Whistleblower Protection Rule; Firm's Confidential Agreements Impeded Clients From Communicating With the SEC
On January 16, 2024, the SEC "announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay an $18 million civil penalty to settle the charges."