Violation Tracker Individual Record

Company: 
JPMorgan & Co.
Current Parent Company: 
JPMorgan Chase
Penalty: 
$200,000,000
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

The Securities and Exchange Commission reached a settlement with JPMorgan Chase & Co. on allegations involving misstating financial results and lacking effective internal controls to detect and prevent traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.

Year: 
2013
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.