JP Morgan Securities charged with rigging municipal bonds

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 settle parallel charges brought by other federal and state authorities.

The SEC accuses JP Morgan

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: