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

Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.

LATEST NEWS AND ARTICLES

1787679428 Law
August 25, 2026
Ameriprise Broker Sues LPL-Affiliated Practice Over Use of "Kindred" Name

AdvisorHub reports that an Ameriprise Financial broker in Oklahoma has filed a trademark infringement lawsuit against an LPL Financial-affiliated practice over its use of the word "kindred" in its name.

1787592120 Law
August 24, 2026
Sophisticated Voice Phishing Attacks Target Major Wall Street Firms

According to ThinkAdvisor, hackers recently launched a series of sophisticated cyberattacks against major Wall Street firms, including prominent hedge funds and private equity companies.

1787342003 Law
August 21, 2026
Rising Market Leverage Raises Concerns About Financial Stability Despite Low Volatility

The leverage that has helped drive the U.S.