Violation Tracker Individual Record

Company: 
J. P. Morgan Securities Inc.
Current Parent Company: 
JPMorgan Chase
Penalty: 
$200,000
Year: 
2000
Date: 
June 6, 2000
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

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.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
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
Notes: 

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).

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.