Defendant Name:
JPMorgan Chase & Co.
Defendant Type:
Public Company
SIC Code:
6021
CUSIP:
46625H10
Document Reference:
34-79335
Document Details
Legal Case Name
In the Matter of JP Morgan Chase & Co.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
17-Nov-2016
Document Format
Administrative Proceeding
AAER
3824
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On November 17, 2016, SEC issued a settled administrative order against JPMorgan Chase & Co. According to the SEC, the Company made violates violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act between 2006 and 2013 by "providing valuable jobs and internships to the relatives and friends of certain key executives of its clients, prospective clients, and foreign government officials in the Asia-Pacific region as a personal benefit to the requesting officials in order to obtain or retain investment banking business or other benefits for the firm."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$105,507,668.00
Shared:
Pre-Judgment Interest
Individual:
$25,083,737.00
Shared:
Total Penalty
Individual:
$130,591,405.00
Shared:
