SEC
Whistleblower
Advocates

January 06, 2016

J.P. Morgan Securities LLC

Financial Fraud

SANCTION AMOUNT: $4,000,000

Defendants: J.P. Morgan Securities LLC

Settlement of charges that Respondent falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ performance; no one is paid on commission.” Advisors actually were paid a salary and a discretionary bonus based on a number of other factors (none of which were portfolio performance).

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