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Violation Tracker Individual Record

Company: JPMorgan Chase & Co.
Current Parent Company: JPMorgan Chase
Penalty: $9,500,000
Year: 2019
Date: November 22, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: investor protection violation
Violation Description: JPMorgan agreed to pay over $9 million to settle litigation alleging it charged excessive foreign exchange transaction fees on holders of American Depository Receipts.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:15cv9188
Case Name: Merryman et al v. JP Morgan Chase Bank, N.A.
Private Lawsuit Resolution Type: settlement
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.