Violation Tracker Individual Record

Company: 
J.P. Morgan Securities, Inc.
Current Parent Company: 
JPMorgan Chase
Penalty: 
$6,000,000
Year: 
2003
Date: 
February 20, 2003
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

NASD censured, fined, and ordered J.P. Morgan Securities, Inc. to pay $6 million for unlawful profit sharing activities that took place at Hambrecht & Quist LLC prior to its acquisition in 2000.

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.