Violation Tracker Individual Record
NASD Regulation, Inc. censured and fined J. P. Morgan Securities, Inc., $200,000 for violations of the Securities and Exchange Commission (SEC) Limit Order Display Rule (Display Rule) continuing over a 21-month period, and for failing to establish, maintain, and enforce written supervisory procedures reasonably designed to achieve compliance with the Display Rule. NASD Regulation also found other violations relating to the handling of customer transactions including best execution and limit order protection violations.
FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).