Tr?id=566623520170033&ev=PageView&noscript=1

SEC Investigation into JPMorgan's Advisory Account Aggregation

Posted on December 1st, 2023 at 11:58 AM
SEC Investigation into JPMorgan's Advisory Account Aggregation

From the desk of Jim Eccleston at Eccleston Law 

The Securities and Exchange Commission (SEC) has launched two investigations that may affect the interests of advisors and clients of JPMorgan Chase & Co.

The SEC has initiated an inquiry into specific aspects of advisory programs offered by J.P. Morgan Securities, the brokerage and investment advisory subsidiary of the bank. This information was disclosed in the bank's third-quarter report filed on November 1, as reported by AdvisorHub. The investigations focus on the aggregation of accounts for billing, the application of discounts to advisory fees, and the selection of portfolio managers, as outlined in the bank's 10Q report.

In the same filing, the bank stated that JPMorgan is addressing the SEC's requests concerning the timing of the firm's liquidation of shares distributed in-kind to specific investment vehicles that invest in third-party managed private funds. Without disclosing further particulars about the two investigations, JPMorgan affirmed its cooperation with the SEC on both matters.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, sec

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

Thank you for your professional assistance with this matter. You are very good at what you do.

John T.

LATEST NEWS AND ARTICLES

1785858278 Law
August 4, 2026
SEC Fines Former LPL Broker $125,000 for Undisclosed Conflicts in Private Securities Offerings

The Securities and Exchange Commission (SEC) has censured a former LPL Financial broker and imposed a $125,000 civil penalty after finding that he failed to disclose conflicts of interest related to private real estate securities offerings that generated nearly $1.5 million in compensation, as reported by AdvisorHub.

1785772777 Law
August 3, 2026
FINRA Launches Review of High-Risk Structured Notes Sales and Supervision

The Financial Industry Regulatory Authority (FINRA) has launched a regulatory sweep examining the sale of high-risk structured products, with particular attention on non-principal protected "worst-of" structured notes, according to AdvisorHub.

1785531573 Law
July 31, 2026
Former Alabama Financial Advisor Barred After Selling His Practice

The U.S.