SEC: JPMorgan will forfeit $647 million in fees under settlement
The Securities and Exchange Commission says investment bank JP Morgan Chase & Co. will pay a $50 million penalty to Jefferson County and forfeit $647 million in swap termination fees in a settlement related to county bond deals .
-
- Share:
-
-
-
-
-
-
Reach -
Credibility
-
News Stories
- News Source: Honolulu Advertiser | about 1 month agoMorgan Chase agreed to a $722 million settlement with federal regulators over accusations that the bank and two former executives made illegal payments to win municipal bond business from Jefferson County, Ala. The Securities and Exchange Commission...
- News Source: International Herald Tribune | about 1 month agoMorgan Securities will forfeit hundreds of millions of dollars in fees on derivatives contracts that it sold an Alabama county, under a settlement announced Wednesday that could offer hope to other governments staggering under similar deals. The...
- News Source: The New York Times | about 1 month agoorgan Chase has agreed to a settlement worth more than $700 million over federal regulators’ charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala. The scandal over the county...
- News Source: Asian Wall Street Journal | about 1 month agoMorgan Securities Inc. and two of its former managing directors on Wednesday settled charges with the U.S. Securities and Exchange Commission for their roles in an unlawful payment scheme that enabled them to win business involving municipal-bond...
- News Source: The Birmingham News | about 1 month agoThe Securities and Exchange Commission says investment bank JP Morgan Chase & Co. will pay a $50 million penalty to Jefferson County and forfeit $647 million in swap termination fees in a settlement related to county bond deals .
- News Source: Palm Beach Post | about 1 month agoThe scandal over the county's $3.9 billion debt has pushed it to the brink of filing what would be the biggest municipal bankruptcy in U.S. history. The Securities and Exchange Commission announced the settlement with JPMorgan, which canceled...
Blogs
>
- Blog Source: lawprofessors.typepad.comSEC Charges Two Former J.P. Morgan Securities Officers in Alabama Illegal Payments Scheme. The SEC filed fraud charges against Charles E. LeCroy and Douglas W. MacFaddin, two former directors of J.P. Morgan Securities Inc. in connection with an
- Blog Source: www.crainsnewyork.comThe SEC also accused two former managing directors of J.P. Morgan, Charles LeCroy and Douglas MacFaddin, of securities law violations. The agency is seeking unspecified restitution from them. Mr. MacFaddin will contest the charges. ...
- Blog Source: www.leftinalabama.comJ.P. Morgan Securities settled the SEC's charges and will pay a penalty of $25 million, make a payment of $50 million to Jefferson County, and forfeit more than $647 million in claimed termination fees. The SEC alleges that J.P. Morgan ...
- Blog Source: www.jrdeputyaccountant.comJ.P. Morgan Securities Inc. and two of its former managing directors on Wednesday settled charges with the U.S. Securities and Exchange Commission for their roles in an unlawful payment scheme that enabled them to win business involving ... J.P.
- Blog Source: market-ticker.orgThe SEC alleged that JPMorgan, Charles LeCroy, the banker who pitched the refinancing to Jefferson County, and Douglas MacFaddin, the former head of the New York-based bank's municipal derivatives desk, made more than $8 million in ... 4 ( Bloomberg)
- Blog Source: dealbook.blogs.nytimes.comIn addition to forfeiting the $647 million in fees, the S.E.C. said J.P. Morgan Securities would make a payment of $50 million to Jefferson County. It will also pay a penalty of $25 million. The firm settled the charges without ...
Images
>
-
Image Source: content.edgar-onlin... -
Image Source: content.edgar-onlin... -
Image Source: content.edgar-onlin... -
Image Source: www.nyrealestatelaw...
Videos
>
-
Video Source: www.truveo.comInside Look - Has Anything ...Video Source: www.truveo.comInside Look - Has Anything Changed on Wall Street?
Post a Comment Comments: 0
Cell phones use report code: Most Popular Reports
Related Tweets
-
@echasan RT @ReutersRegBrief SEC eyes efficiency, small stocks in fast-trading review http://link.reuters.com/kuc77f
about 1 month ago -
@timobriennyt TimOBrienNYT: JPMorgan to Pay $700 Million to Settle S.E.C. Charges http://s.nyt.com/u/Dzl $$ $jpm
about 1 month ago
Related Allvoices Reports
Related People
Site Links
Site Topics
Contributions
- Report Your News
- Add your voice and contribute via your cellphone - check out how to Report News via Your Cellphone
- Blog Widget
- Widget for Blog Owner
