Reported 26 days ago
JPMorgan Chase will pay $151 million to settle five enforcement cases brought by the U.S. Securities and Exchange Commission, which accused the bank of misleading disclosures to brokerage customers. The settlement includes $61 million in civil fines and $90 million in customer reimbursements, although JPMorgan did not admit any wrongdoing. The SEC highlighted violations involving the bank's conduct across various business lines that exposed investors to risks.
Source: YAHOO