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.
SEC Fines BNY Mellon $54MM+ for Improper ADR Handling
December 18, 2018
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.
SEC Charges Repeat Offender in Stock Manipulation Scheme
July 30, 2018
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.
SEC Names Kane Director of Office of Credit Ratings
May 10, 2018
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.
Merrill Lynch to Pay $415MM for Misusing Customer Cash
June 24, 2016
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.
SEC: Financial Adviser Defrauds Pro Athletes, Lies to Examiners
May 9, 2016
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.
Morgan Stanley Settles Charges in ‘Parking’ Scheme
December 30, 2015
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.
SEC Names Luisi Associate Director, Corporation Finance
August 20, 2015
The Securities and Exchange Commission announced Shelly Luisi was named as an associate director in the Division of Corporation Finance.
WSJ: J.P. Morgan Expected to Settle With SEC on Investment-Steering Case
August 19, 2015
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.
