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JP Morgan affiliates to pay $151m to resolve five SEC enforcement actions

Image of JPMorgan signage on its building in London.
Photo: Leon Neal/Getty Images

Julie DiMauro

2 min read
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Five SEC enforcement actions include allegations that some advisers’ recommendations were not in the best interest of clients.

Two affiliates of JPMorgan Chase & Co — JPMorgan Securities (JPMS), the firm’s brokerage unit, and JPMorgan Investment Management (JPMIM), which oversees its mutual funds — have agreed to pay $151m in combined civil penalties and voluntary payments to investors to settle four enforcement actions brought by the SEC.

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