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Jan 29, 2024 · On January 16, the Securities and Exchange Commission (SEC) announced an $18 million settlement order (Order) with J.P. Morgan Securities LLC (JPMS) that finds that the language of release agreements JPMS entered into with clients violated the Securities and Exchange Act of 1934 (Exchange Act) Rule 21F-17 (a)–a rule designed to protect ...
Jan 29, 2024 · The language of the release that JPMS used during this time included a confidentiality provision that permitted enforcement through “injunctive relief and monetary damages.” In addition, the release included the following language: [JPMS client] shall keep this Agreement confidential and not use or disclose (including
Jan 25, 2024 · According to the SEC’s order, from 2020 to July 2023, JPMS regularly sent a confidential release agreement to retail clients to whom it had issued a credit or settlement over $1,000 (the “Release”).
Feb 22, 2024 · The Securities and Exchange Commission (SEC) recently settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay $18 million in civil penalties to the SEC to settle the charges.
- Julia Sousa
Feb 6, 2024 · According to the SEC’s order, from 2020 to July 2023, JPMS regularly sent a confidential release agreement to retail clients to whom it had issued a credit or settlement over $1,000 (the “Release”).
information regarding the services JPMS provides with respect to brokerage accounts, please refer to your J.P. Morgan Brokerage Account Agreement and other applicable service-
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Mar 19, 2021 · The Company has entered into an irrevocable, non-discretionary agreement with J.P. Morgan Securities plc (“JPMS”) to conduct the Buy-back on its behalf and carry out on-market purchases of Ordinary Shares, acting as riskless principal, and to on-sell such Ordinary Shares to the Company.
