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JPMorgan to pay $151M over flawed investment disclosures

November 07, 2024
JPMorgan Chase & Co. has agreed to pay a $151 million fine to settle charges that it failed to disclose conflicts of interest to its wealth management clients. The Securities and Exchange Commission (SEC) accused the company of not properly disclosing its preference for its own investment products and for investments that generated fees for the firm. JPMorgan has neither admitted nor denied the allegations but has agreed to the settlement. This is part of the SEC's ongoing effort to crack down on misconduct within the financial industry.
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