JPMorgan Agrees to $151 Million Settlement Over SEC Violations

The settlement addresses charges of misleading disclosures and breach of fiduciary duty without admitting wrongdoing.

JPMorgan Chase's affiliates, J.P. Morgan Securities and J.P. Morgan Investment Management, faced five SEC enforcement actions.
The SEC alleged violations including misleading disclosures, breach of fiduciary duty, and conflicts of interest.
JPMorgan agreed to pay $151 million, including a $10 million civil penalty and $90 million to affected investors.
The bank resolved the charges without admitting or denying the SEC's findings.
JPMorgan emphasized its commitment to high standards and proactive issue resolution.