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: 33-11324

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, Sections 15(b)(4) 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 31-Oct-2024
Document Format Administrative Proceeding
File Number 3-22280
Allegation Type Broker Dealer
Document Summary On October 31, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against J.P. Morgan Securities LLC, stating: "These proceedings arise from misleading disclosures that JP Morgan Securities used with brokerage customers investing in its "Conduit" products, which pooled customer money and invested in private equity or hedge funds that customers might not be able to access directly."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Fair Funds
Monetary Penalties:

Civil Penalty

Individual:     $10,000,000.00 Shared:    

Related Documents:

2024-178_3-22280 31-Oct-2024 Press Release--Administrative Proceeding
JP Morgan Affiliates to Pay $151 Million to Resolve SEC Enforcement Actions
The SEC stated: "JPMS made misleading disclosures to brokerage customers who invested in its “Conduit” private funds products, which pooled customer money and invested it in private equity or hedge funds that would later distribute to the Conduit private funds shares of companies that went public."