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Violation Tracker UK Individual Case

Company: JPMorgan Chase Bank N.A.
Current Parent CompanyJPMorgan Chase
Parent at the Time of the Penalty Announcement: JPMorgan Chase
Penalty: £137,610,000
Year: 2013
Date: 18 September, 2013
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: JPMorgan Chase paid a £137 million fine in settlement of a finding by the FCA that the company failed to adequately manage the risks of trading in its Synthetic Credit Portfolio, failed to prevent traders concealing losses, and failed to be open and cooperative with the FCA.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data(click here)