Violation Tracker Individual Record

Company: 
J.P. Morgan Securities LLC
Current Parent Company: 
JPMorgan Chase
Penalty: 
$153,600,000
Primary Offense: 
toxic securities abuses
Secondary Offense: 
investor protection violation
Violation Description: 

The Securities and Exchange Commission announced that J.P. Morgan Securities LLC would pay $153.6 million to settle SEC charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet.

Year: 
2011
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.