Articles Tagged with Misrepresentations and Omissions Lawyers

When Misrepresentations Lead To Investor Losses

Two JPMorgan Chase Affiliates Ordered to Pay $151M By the SEC

Broker-dealers are required to ensure that customers are given accurate and complete information when it comes to investments that they are recommending. This is one of the reasons that in a recent enforcement action, the US Securities and Exchange Commission (SEC) announced that JPMorgan Securities and JPMorgan Investment Management agreed to pay a combined $151M in civil penalties and investor payments to settle a number of enforcement actions over allegations that included misleading disclosures, as well the failure to act in clients’ best interests and a breach of fiduciary duty.