Violation Tracker Individual Record

Company: 
J.P. Morgan Securities LLC
Current Parent Company: 
JPMorgan Chase
Penalty: 
$296,900,000
Primary Offense: 
toxic securities abuses
Secondary Offense: 
investor protection violation
Violation Description: 

In coordination with the federal-state Residential Mortgage-Backed Securities Working Group, the Securities and Exchange Commission reached settlements with J.P. Morgan Securities LLC and Credit Suisse Securities (USA) concerning allegatgions of misleading investors in offerings of residential mortgage-backed securities. The firms agreed to settlements in which they were to pay more than $400 million combined.

Year: 
2012
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.