SEC

JPMorgan to pay $153.6 million in SEC case over CDO

Reuters News
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Posted: Jun 22, 2011 4:07 PM
JPMorgan to pay $153.6 million in SEC case over CDO

WASHINGTON/NEW YORK (Reuters) - JPMorgan Chase & Co said on Tuesday it agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it misled investors about a mortgage securities transaction just as the nation's housing market was starting to plummet.

JPMorgan did not admit wrongdoing in agreeing to settle.

(Reporting by Sarah N. Lynch and Jonathan Stempel, editing by Gerald E. McCormick)