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The Top SEC Settlements of 2011

By Joel Stonington - 2012-01-03T23:18:44Z

Photograph by JB Reed/Bloomberg

Company Symbol % Change
16 of 22

No. 6: J.P. Morgan Securities

<p><strong>Total Settlement:</strong> $51.1 million<br /><strong>Disgorgement:</strong> $43.5 million<br /><strong>Penalty:</strong> $7.6 million

This settlement was part of a larger investigation into fraud in the municipal bond market. J.P. Morgan Securities agreed to pay <a href="http://www.justice.gov/opa/pr/2011/July/11-at-890.html">$177 million to the Justice Dept.</a> and other authorities to settle criminal charges. The <a href="http://www.sec.gov/news/press/2011/2011-143.htm">SEC alleged</a> that New York's J.P. Morgan Securities was able to win bids by getting an illegal look at the bids of competitors.</p>

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