December 18, 2015
JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC
SANCTION AMOUNT: $267,000,000
Defendants: JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC
Respondents failed to disclose conflicts of interest to clients, in that they preferred to invest clients in the firms own proprietary investment products without properly disclosing this preference, thus depriving clients of information needed to make fully informed investment decisions.
- Key Docs
- Official SEC press release