Violation Tracker Individual Record

Company: 
J.P. Morgan Securities
Current Parent Company: 
JPMorgan Chase
Penalty: 
$54,000
Primary Offense: 
investor protection violation
Violation Description: 

The SEC sanctioned 13 firms for violating a rule primarily designed to protect retail investors in the municipal securities market. In its surveillance of trading in the municipal bond market, the SEC Enforcement Division's Municipal Securities and Public Pensions Unit detected improper sales below a $100,000 minimum denomination set in a $3.5 billion offering of junk bonds by the Commonwealth of Puerto Rico.

Year: 
2014
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.