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JPMorgan Will Pay The SEC $153.6 Million To Settle The Magnetar Charges (JPM)

The SEC just announced that JPMorgan will pay over $150 million to settle charges that it misled investors in "CDO Squared." The charges were that JPMorgan let Magnetar, a hedge fund, select the assets in CDO Squared, and then sold those assets to investors. The problem was that JPMorgan didn't disclose to investors that Magnetar had selected the assets in CDO Squared, and then bet that those assets would fail.
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J.P. Morgan to Pay $153.6 Million to Settle SEC Charges

Business & Finance : Deal Journal - WSJ.com (3 years ago)

The SEC said J.P. Morgan Securities will pay $153.6 million to settle charges that the firm misled investors in a a mortgage-backed securities transaction "just as the housing market was starting to plummet." Read Post

The SEC Is Investigating JPMorgan Over CDO Sales (JPM)

Business & Finance : Business Insider: Clusterstock (4 years ago)

Back in March, we heard that the hedge fund Magnetar packaged CDOs with the riskiest assets they could find, apparently because JPMorgan allowed them to. Now the SEC is investigating whether or not JPMorgan did anything wrong by all... Read Post

JPM Settles Magnetar Charges Related To Misleading CDO Information With SEC For $153.6 Million

Business & Finance : Zero Hedge (3 years ago)

SEC TO HOLD CONFERENCE CALL TO DISCUSS ENFORCEMENT VS JP MORGAN JP MORGAN TO PAY $153.6M TO SETTLE SEC CHARGES JP MORGAN TO SETTLE SEC CHARGES ON MISLEADING IN CDO ON HOUSING SEC CITES MISLEADING INVESTORS IN CDO TIED TO HOUSING MAR... Read Post


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