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JP Morgan Securities charged with rigging municipal bonds

JPMS rigged at least 93 municipal bond reinvestment transactions in 31 states, SEC says

SEC press association
Securities and Exchange Commission, Washington

The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities with fraudulently rigging at least 93 municipal bond reinvestment transactions in 31 states.

JP Morgan Securities has agreed to pay $51.2 million to settle the SEC’s charges. This money will be returned to the affected municipalities or conduit borrowers. JPMS and affiliates have also agreed to pay $177 million to

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