Defendant Name:
J.P. Morgan Securities LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2024-178_3-22280
Document Details
Legal Case Name
In the Matter of J.P. Morgan Securities LLC
Document Name
JP Morgan Affiliates to Pay $151 Million to Resolve SEC Enforcement Actions
Document Date
31-Oct-2024
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$10,000,000.00
Shared: