{"id":4537,"date":"2007-12-18T19:10:55","date_gmt":"2007-12-18T19:10:55","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/12\/jp_morgan_to_settle_municipal"},"modified":"2022-03-25T15:06:49","modified_gmt":"2022-03-25T20:06:49","slug":"jp-morgan-to-settle-municipal","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-to-settle-municipal\/","title":{"rendered":"JP Morgan Will Pay $500,000 to Settle Municipal Securities SRO Claim"},"content":{"rendered":"

\t\t\t\tJP Morgan Securities Inc. says it will pay $500,000 to settle charges that it failed to disclose to regulators that it used and paid consultants to acquire a number of municipal securities offerings. <\/p>\n

The settlement agreement was announced by the Financial Regulatory Authority (FINRA), which is in charge of enforcing the Municipal Securities Rulemaking Board (MSRB) rules and any violations. According to MSRB regulations, firms must disclose any payments to consultants for municipal securities offerings.<\/p>\n

FINRA says that JP Morgan actually stated in its MSRB filing that it did not use or pay any consultants to make any municipal securities-related transactions. In fact, from January 22 through June 2004, JP Morgan actually used consultants extensively in connection to its municipal bond business, paying some 40 consultants $7.1 million in total. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

JP Morgan Securities Inc. says it will pay $500,000 to settle charges that it failed to disclose to regulators that it used and paid consultants to acquire a number of municipal securities offerings. The settlement agreement was announced by the Financial Regulatory Authority (FINRA), which is in charge of enforcing the Municipal Securities Rulemaking Board […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3797,3855],"tags":[],"class_list":["post-4537","post","type-post","status-publish","format-standard","hentry","category-j-p-morgan-chase","category-municipal-securities-offerings"],"yoast_head":"\nJP Morgan Will Pay $500,000 to Settle Municipal Securities SRO Claim — Investor Lawyers Blog — December 18, 2007<\/title>\n<meta name=\"description\" content=\"JP Morgan Securities Inc. says it will pay $500,000 to settle charges that it failed to disclose to regulators that it used and paid consultants to — December 18, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-to-settle-municipal\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"JP Morgan Will Pay $500,000 to Settle Municipal Securities SRO Claim — Investor Lawyers Blog — December 18, 2007\" \/>\n<meta name=\"twitter:description\" content=\"JP Morgan Securities Inc. says it will pay $500,000 to settle charges that it failed to disclose to regulators that it used and paid consultants to — December 18, 2007\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JP Morgan Will Pay $500,000 to Settle Municipal Securities SRO Claim — Investor Lawyers Blog — December 18, 2007","description":"JP Morgan Securities Inc. says it will pay $500,000 to settle charges that it failed to disclose to regulators that it used and paid consultants to — December 18, 2007","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-to-settle-municipal\/","twitter_card":"summary_large_image","twitter_title":"JP Morgan Will Pay $500,000 to Settle Municipal Securities SRO Claim — Investor Lawyers Blog — December 18, 2007","twitter_description":"JP Morgan Securities Inc. says it will pay $500,000 to settle charges that it failed to disclose to regulators that it used and paid consultants to — December 18, 2007","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-to-settle-municipal\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-to-settle-municipal\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"JP Morgan Will Pay $500,000 to Settle Municipal Securities SRO Claim","datePublished":"2007-12-18T19:10:55+00:00","dateModified":"2022-03-25T20:06:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/jp-morgan-to-settle-municipal\/"},"wordCount":261,"articleSection":["J P Morgan - 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