Loading...
Market
Will JPMorgan Chase stock drop by more than 10% due to SEC settlement by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Stock market data from NYSE or NASDAQ
Story
JPMorgan Chase to Pay $151 Million to Settle SEC Actions Over Misleading Disclosures
Oct 31, 2024, 09:07 PM
JPMorgan Chase has agreed to a $100 million settlement with the SEC over misleading disclosures related to its 'conduit' products, which pooled customer money for investments in private equity or hedge funds. The settlement includes a $10 million civil penalty. Additionally, JPMorgan will pay a $1 million civil fine for prohibited principal trades, a $5 million civil fine for transactions during the early weeks of the COVID-19 pandemic, and $45 million for disclosure violations related to its portfolio manager program. The bank has also paid $15.9 million in remediation to customers advised to buy certain mutual funds when less expensive ETF products were available. In total, JPMorgan affiliates will pay $151 million to resolve SEC actions.
View original story
Similar markets
Yes • 50%
No • 50%
Best performing • 25%
Second best performing • 25%
Third best performing • 25%
Worst performing • 25%
Yes • 50%
No • 50%
Best performing • 25%
Above average • 25%
Average • 25%
Below average • 25%
Significant increase • 25%
Significant decrease • 25%
No significant change • 25%
Mixed results • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
Yes • 50%
No • 50%
Below $210 • 25%
$210 to $220 • 25%
$220 to $230 • 25%
Above $230 • 25%
Increases by more than 10% • 25%
Decreases by more than 10% • 25%
Stays within 10% range • 25%
No significant change • 25%