Defendant Name: JPMorgan Chase & Co.

Defendant Type: Public Company

Document Reference: 2016-241

Document Details

Legal Case Name In the Matter of JP Morgan Chase & Co.
Document Name JPMorgan Chase Paying $264 Million to Settle FCPA Charges
Document Date 17-Nov-2016
Document Format Administrative Proceeding
File Number 3-17684
Allegation Type Foreign Corrupt Practices Act
Document Summary On November 17, 2016, the SEC announced that "JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region by giving jobs and internships to their relatives and friends in violation of the Foreign Corrupt Practices Act."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution

Related Documents:

34-79335 17-Nov-2016 Administrative Proceeding
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
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."