Violation Tracker Individual Record

Company: 
JPMorgan Chase
Current Parent Company: 
JPMorgan Chase
Penalty: 
$150,000,000
Year: 
2015
Date: 
December 21, 2015
Primary Offense: 
investor protection violation
Violation Description: 

Oregon and Arkansas joined Ohio in a securities class action against JPMorgan Chase that resulted in a $150 million settlement of allegations that the bank made false and misleading statements about its London Whale trading scandal, harming public pension funds in the three states as well as other investors.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Civil or Criminal Case: 
civil
Private Lawsuit Resolution Type: 
settlement
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.