SEC Approves JP Morgan's $200M Distribution Plan To Investors

Feb. 13, 2105 - On Sept. 2013 the SEC issued JPMorgan with an order requiring the bank to pay $200M for violating securities laws. On March 5, 2014, the SEC established a Fair Fund to distribute those funds, and on Dec. 11, 2014 the SEC published a distribution proposal -- you can obtain a copy of that proposal here. In a nutshell, the plan proposes to compensate investors that were harmed due to JPMorgan's failure to report the true amount of trading losses. For the most part, this includes investors that owned shares between May and April of 2012. On Feb. 12, the SEC approved the Distribution Plan.

To read the full story, click here.

We would like to remind investors to always do their own due diligence on any investment, and to consult their own financial adviser or representative when necessary. Any material provided is intended as general information only, and should not be considered or relied upon as a formal investment recommendation.

Featured Post

The Rules of The Simulation & Neuroscience: The Relationship Between You And The Controller

I don't think it's possible to separate belief system from everyday life if you want to live well. And, based on new discoveries...

Popular Posts