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Violation Tracker Individual Record

Company: J.P. Morgan Securities LLC
Current Parent CompanyJPMorgan Chase
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $296,900,000
Year: 2012
Date: November 16, 2012
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Violation Description: In coordination with the federal-state Residential Mortgage-Backed Securities Working Group, the Securities and Exchange Commission reached settlements with J.P. Morgan Securities LLC and Credit Suisse Securities (USA) concerning allegatgions of misleading investors in offerings of residential mortgage-backed securities. The firms agreed to settlements in which they were to pay more than $400 million combined.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.