Dispute
cmdty fx repo real
estate
short
term
loans
equity fx  ir  cmdty note

Incident

Incident
JPMorgan Mismarking
Incident Summary
SEC Charged Two European Traders with overvaluing investments to hide losses that grew to $6.2 billion. JP Morgan pays $920 million in fines to regulators.
Alleged Loses:
$6,200,000,000
Date
Aug 14, 2013
Post Madoff
Yes

Red Flags

Red Flag Summary
Defendants Martin-Artajo and Grout falsified, or caused others to falsify the valuation records.
Ten12 Red Flags
Other Red Flags
Ten12 Security prices
Investment Advisor Analysis
Fund Vendor Analysis
Non Registered Funds

Fund(s)/Portfolio(s):

JPMorgan Synthetic Credit Portfolio

Vendors

Accountant

Custodian Bank

Fund Administrator

Pricing Vendor

Prime Broker(s)

-

-

-

-

-

Entity

Fined Entity

Fines & Penalties

- JPMorgan Chase & Co

- $920,000,000

People