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

If you find yourself in trouble with the regulators, call Eccleston Law, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

September 12, 2025
LPL Broker Fined and Suspended for Recommending Risky Investments to Elderly Client

An LPL Financial broker in Elizabethtown, Kentucky, has agreed to sanctions after FINRA found he violated Regulation Best Interest (Reg BI) when recommending unsuitable investments to an elderly customer.

 

September 11, 2025
Montana Federal Judge Allows Family's Premium Financing Claims to Proceed

A federal judge in Montana has allowed a family to move forward with negligence, fraud, and unjust enrichment claims tied to a premium-financed life insurance arrangement valued at $67.5 million.

September 10, 2025
Arizona Man Sentenced to 30 Years for Multi-Million Dollar Ponzi-Style Fraud

An Arizona man has been sentenced to 30 years in prison for running a Ponzi-style investment scheme that defrauded more than 100 victims out of millions of dollars, according to the U.S. Attorney’s Office for the District of New Mexico.