J.P. Morgan Securities Attorney

The securities attorneys at Gana LLP represent clients in their disputes with financial institutions, such as J.P. Morgan Securities LLC (JP Morgan). Our firm can analyze your account activity and determine if the brokerage firm engaged in wrongdoing. Our firm focuses its practice on investigating and uncovering evidence of brokerage misconduct such as investment frauds, unsuitable investments, investment manipulations, unauthorized activity, and failure to supervise.

JP Morgan is affiliated with, under common control, or otherwise performs business under the company names J.P. Morgan Alternative Asset Management, Inc., Chase Alternative Asset Management, Inc., Chase Manhattan Capital Finance Corporation, J.P. Morgan Clearing Corp. Bear, Sterns Securities Corp., J.P. Morgan Institutional Investment Inc., J. P. Morgan Advisors, Inc., J.P. Morgan Partners, LLC, J.P. Morgan Private Investments Inc., Bear, Sterns & Co., Chase Investments, Chase Private Client, and J.P. Morgan Private Wealth Management.

JPMorgan Chase & Co. is an American multinational banking and financial services company and the largest bank in the United States and the world's third largest public company based on a Forbes composite ranking. JPMorgan Chase’s hedge fund division is the second largest hedge fund in the United States.

JP Morgan – By the Numbers:

  • CRD# 79
  • SEC# 8-35008
  • 198 Regulatory Events
  • 137 Customer Complaints
  • Revenue: $97.03 billion – 2012
  • Net income: $21.3 billion – 2012
  • Total assets: $2.51 trillion - 2012
  • Employees: 260,965 – 2012

JP Morgan – In the News:

In the Matter of JPMorgan Chase & Co., SEC Release No. 70458 (Sept. 19, 2013) – The Securities and Exchange Commission (SEC) settled with JPMorgan Chase & Co. concerning misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to and concealing hundreds of millions of dollars in trading losses. JP Morgan has agreed to pay a $200 million penalty, admitting the facts underlying the SEC’s charges, and publicly acknowledge violations of the federal securities laws.

SEC v. J.P. Morgan Securities LLC, et al – The SEC settled charges with J.P. Morgan Securities LLC and Credit Suisse Securities (USA) with misleading investors in offerings of residential mortgage-backed securities (RMBS). The firms agreed to a combined settlement to pay more than $400 million and the SEC stated that it would distribute the money to harmed investors. The SEC alleged that J.P. Morgan misstated information about the delinquency status of mortgage loans that provided collateral for an RMBS offering in which it was the underwriter while receiving more than $2.7 million in fees while investors lost at least $37 million. J.P. Morgan agreed to pay $296.9 million of the settlement.

In the Matter of JP Morgan Chase Bank, N.A., et al, Case No. AA-EC-13-109 – The Office of the Comptroller of the Currency (OCC) settled with JPMorgan Chase, N.A., JPMorgan Bank and Trust Company, N.A., and Chase Bank USA, N.A., for $350 million concerning allegations of violations of the Bank Secrecy Act (BSA). The OCC found widespread deficiencies in the banks’ BSA and anti-money laundering (AML) compliance programs. The OCC stated that the penalty is based in part on JPMorgan Chase’s failure to report suspicions about Bernard Madoff Investment Securities, LLC, to U.S. law enforcement and regulators. Concurrent with the OCC, JPMorgan Chase also entered into a deferred prosecution agreement with the U.S. Attorney's Office for the Southern District of New York and agreed to forfeit $1.7 billion to the United States.

The investment attorneys of Gana LLP have resolved hundreds of securities disputes against brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.