As the mortgage crisis and subprime debacle came and went, scars were left on the financial landscape across the Unted States and elsewhere around the world. Did those who caused the problem escape with minimal damage?
Banks are finding out how to settle allegations against them while using damage control to offset publicity. Balance sheets are strong, but lending remains weak, and the U.S. housing market has yet to recover.
The SEC announced on Tuesday that J.P. Morgan Securities LLC will pay $153.6 million to settle SEC charges that “it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet. Under the settlement, harmed investors will receive all of their money back.”
This settlement is a significant win for JPMorgan and its CEO Jamie Dimon, who once again has managed to avoid the reputational and financial damage done to other banks with very similar problems
Hi, I'm Jen and I'm here to help. Submit your complaint here or get help here
This article, J.P. Morgan Securities LLC settles with SEC, is just one of our articles from our Online Personal Finance Help Center
We help with your complaints and explain personal finance
Online Personal Finance Help Center monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
We use Thomson Reuters News Service Calais in all production material but are not associated with Thomson Reuters, banks, or financial institutions in any way.
What people searched for to find this article: