Violation Tracker Individual Record

Company: 
JPMorgan Chase & Co.
Current Parent Company: 
JPMorgan Chase
Penalty: 
$905,000
Year: 
2016
Date: 
March 1, 2016
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

JPMorgan agreed to pay $135,000 in restitution, $250,000 for investor education, $260,000 in costs and a $260,000 civil penalty in settlement of allegations it did not explain the risks of residential mortgage-backed securities to investors.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Indiana Securities Division
Civil or Criminal Case: 
civil
Case ID: 
15-0024 CA
Facility State: 
Indiana
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.