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Violation Tracker Individual Record

Company: JPMorgan Chase
Current Parent Company: JPMorgan Chase
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $150,000,000
Year: 2015
Date: December 21, 2015
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Oregon and Arkansas joined Ohio in a securities class action against JPMorgan Chase that resulted in a $150 million settlement of allegations that the bank made false and misleading statements about its London Whale trading scandal, harming public pension funds in the three states as well as other investors.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.