Violation Tracker Individual Record

Company: 
JPMorgan & Co.
Current Parent Company: 
JPMorgan Chase
Penalty: 
$200,000,000
Year: 
2013
Date: 
September 19, 2013
Primary Offense: 
accounting fraud or deficiencies
Violation Description: 

The Securities and Exchange Commission reached a settlement with JPMorgan Chase & Co. on allegations involving misstating financial results and lacking effective internal controls to detect and prevent traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
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
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.