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Violation Tracker Individual Record

Company: J.P. Morgan Chase & Co.
Current Parent Company: JPMorgan Chase
Penalty: $298,973,000
Year: 2013
Date: November 11, 2013
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: The California Attorney General announced a settlement with J.P. Morgan Chase & Co. over what were said to be its misrepresentations in residential mortgage-backed securities sold to California's public employee and teacher pension funds, CalPERS and CalSTRS, between 2004 and 2008. This was part of a larger $13 billion settlement involving the federal government and other states; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.