Violation Tracker Individual Record
Company:
J.P. Morgan Securities Inc.
Current Parent Company:
JPMorgan Chase
Penalty:
$25,000,000
Year:
2003
Date:
September 2, 2003
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
J.P. Morgan Securities agreed to pay $25 million to a group of states to settle allegations that its investment banking interests had undue influence on its securities research. This was part of a larger $80 million settlement involving the SEC; see the Violation Tracker https://violationtracker.goodjobsfirst.org/violation-tracker/-jp-morgan-securities-inc-2
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Financial Regulators Case
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
Specific Industry of Parent:
banking & securities
Source of Data:
https://www.finance.idaho.gov/legal/administrative-actions/securities/enforcement-orders/documents/2003/2003-7-25%20j%20p%20morgan.pdf
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.
