SEC: JPMorgan Chase to Pay $135MM+ for Improper ADR Handling

The Securities and Exchange Commission announced that JPMorgan Chase Bank will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts.

December 28, 2018 JPMorgan Chase Bank | Sanjay Wadhwa | SEC | Securities and Exchange Commission Amanda Koprowski

SEC Fines BNY Mellon $54MM+ for Improper ADR Handling

According to the Securities and Exchange Commission, Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts.

December 18, 2018 Bank of New York Mellon | BNY Mellon | Sanjay Wadhwa | SEC | Securities and Exchange Commission Amanda Koprowski

SEC Charges Repeat Offender in Stock Manipulation Scheme

The Securities and Exchange Commission charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud.

July 30, 2018 Howard M. Appel | SEC | Securities and Exchange Commission ABF Journal

SEC Names Kane Director of Office of Credit Ratings

The Securities and Exchange Commission named Jessica Kane director of the agency’s Office of Credit Ratings, where she has served as acting director since September 2017.

May 10, 2018 Jessica Kane | SEC | Securities and Exchange Commission Amanda Koprowski

Merrill Lynch to Pay $415MM for Misusing Customer Cash

After an SEC investigation, Merrill Lynch agreed to pay $415 million and admit wrongdoing to settle charges it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors.

June 24, 2016 Merrill Lynch | Securities and Exchange Commission ABF Journal

SEC: Financial Adviser Defrauds Pro Athletes, Lies to Examiners

The SEC filed fraud charges against a financial adviser accused of taking money without permission from the accounts of several professional athletes to invest in movie projects.

May 9, 2016 Blazer Capital Management | Securities and Exchange Commission ABF Journal

Morgan Stanley Settles Charges in ‘Parking’ Scheme

The SEC announced Morgan Stanley has agreed to pay $8.8 million to settle charges that one of its portfolio managers unlawfully conducted prearranged trading that favored certain advisory client accounts.

December 30, 2015 Morgan Stanley | Securities and Exchange Commission ABF Journal

SEC Names Luisi Associate Director, Corporation Finance

The Securities and Exchange Commission announced Shelly Luisi was named as an associate director in the Division of Corporation Finance.

August 20, 2015 SEC | Securities and Exchange Commission | Shelly Luisi Rita Garwood

WSJ: J.P. Morgan Expected to Settle With SEC on Investment-Steering Case

The Wall Street Journal reported that J.P. Morgan Chase is expected to settle for more than $150 million with the Securities and Exchange Commission on an investment-steering case.

August 19, 2015 J.P. Morgan | SEC | Securities and Exchange Commission Rita Garwood