In the Matter of JPMorgan Chase & Co. Admin Proc. File No. 3-15507

On September 19, 2013, the Commission instituted and simultaneously settled proceedings against JPMorgan Chase & Co. (“JPMorgan”). The Commission found that JPMorgan violated federal securities laws when it made material misstatements in its public filings with the Commission. The Commission ordered JPMorgan to pay a civil money penalty in the amount of $200,000,000 to the Commission and ordered that such penalty may be distributed pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, as amended. See the Commission’s order, Release No. 34-70458.

On October 4, 2013, the Commission issued an order appointing Damasco and Associates LLP as the Tax Administrator. See the Commission’s order, Release No. 34-70615.

On March 5, 2014, the Commission issued an order establishing a Fair Fund. See the Commission’s order, Release No. 34-71654.

On March 27, 2014, the Commission issued an order appointing RCB Fund Services, LLC as the fund plan administrator and setting the administrator bond amount. See the Commission’s order, Release No. 34-71825.

On December 11, 2014, the Commission issued a notice of the proposed plan of distribution and opportunity for comment and simultaneously provided a link to the proposed plan of distribution. The notice provided parties 30 days to submit their comments on the proposed plan of distribution. See the Commission’s notice, Release No. 34-73824, and the proposed plan of distribution, Release No. 34-73824-pdp.

On February 12, 2015, the Commission issued an order approving the plan of distribution. See the Commission’s order, Release No. 34-74266, and the plan of distribution, Release No. 34-74266-dp. The claim form may found at http://jpmsecfund.com/claim-forms.

On August 11, 2017, the Commission issued an order approving the disbursement of $200,000,000 from the Fair Fund to Huntington National Bank for the Fund Administrator to distribute to investors in accordance with the Distribution Plan. See the Commission's order: Release No. 34-81383.

On November 3, 2018, the Commission issued an order reducing the Fund Administrator’s bond amount.  See the Commission’s Order: Release No. 34-84532.

On August 22, 2019, the Commission issued an order directing the disbursement of $9,488,801.91 from the Fair Fund to the Fund Administrator for distribution to eligible investors in accordance with the Plan. See the Commission’s Order: Release No. 34-86727.

For more information, please contact the Fund Administrator:

RCB Fund Services, LLC
Telephone Number: 866-578-3658 (domestic) or 315-671-5779 (international)
Website: www.jpmsecfund.com
Email: info@jpmsecfund.com