Violation Tracker Individual Record

Company: 
JP Morgan Ventures Energy Corporation
Current Parent Company: 
JPMorgan Chase
Penalty: 
$410,000,000
Primary Offense: 
energy market manipulation
Violation Description: 

The Federal Energy Regulatory Commission approved a stipulation and consent agreement under which JP Morgan Ventures Energy Corporation was to pay $410 million in penalties and disgorgement to ratepayers for allegations of market manipulation stemming from the company's bidding activities in electricity markets in California and the Midwest from September 2010 through November 2012.

Year: 
2013
Agency: 
Federal Energy Regulatory 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.