Today, the SEC announced that it had brought a settled administrative proceeding against JPMorgan Chase & Co. for misstating financial results and lacking effective internal controls. As it did last month in the Falcone case, the SEC required JPMorgan to admit to the facts underlying its charges, and to publicly acknowledge that it violated the federal securities laws.
via JPMorgan Agrees to Pay $200 Million, Admit Wrongdoing in SEC Settlement – Compliance Week
