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Violation Tracker Individual Record

Company: Banc One Investment Advisors Corporation
Current Parent Company: JPMorgan Chase
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $90,000,000
Year: 2004
Date: June 29, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description: The New York Attorney General announced a $90 million settlement with Banc One to resolve litigation over improper trading and exorbitant fees. The total included $10 million in restitution and disgorgement, $40 million in civil penalties and $40 million in a reduction of fees charged to investors over a five-year period. The restitution and penalty portions were negotiated together with the Securities and Exchange Commission; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
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.