Violation Tracker Individual Record

Company: 
J.P. Morgan Securities LLC
Current Parent Company: 
JPMorgan Chase
Penalty: 
$1,100,000
Year: 
2019
Date: 
September 16, 2019
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

FINRA censured and fined J.P. Morgan Securities LLC $1.1 million for failing to timely disclose 89 internal reviews or allegations of misconduct by its registered representatives and associated persons spanning a six-year period. FINRA also required an undertaking by the firm to certify within 60 days that it has taken appropriate corrective measures.

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.

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.