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: IA-6761

Document Details

Legal Case Name In the Matter of J.P. Morgan Investment Management Inc.
Document Name Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940 and Section 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date 31-Oct-2024
Document Format Administrative Proceeding
File Number 3-22282
Allegation Type Investment Advisers/Investment Companies
Document Summary On October 31, 2024, the SEC instituted settled administrative and cease-and-desist proceedings, stating: "From July 2019 until March 2021 (“Relevant Period”), JP Morgan IM, a registered investment adviser, engaged in or caused 65 prohibited principal trades with a combined notional value of approximately $8.2 billion and which included approximately $22,000 in spreads."

Disgorgement & Penalty Information

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

Civil Penalty

Individual:     $1,000,000.00 Shared:    

Related Documents:

2024-178_3-22282 31-Oct-2024 Press Release--Administrative Proceeding
JP Morgan Affiliates to Pay $151 Million to Resolve SEC Enforcement Actions
The SEC stated: "between July 2019 and March 2021, JPMIM engaged in or caused 65 prohibited principal trades with a combined notional value of approximately $8.2 billion. Principal trades are generally prohibited to avoid undisclosed conflicts of interest unless certain conditions are met or the SEC provides exemptive relief."