JPMorgan Chase has agreed to pay $151 million to resolve five enforcement actions initiated by the U.S. Securities and Exchange Commission, which include allegations that the bank's affiliates misled its brokerage customers with inaccurate disclosures, as announced by the regulator on Thursday.
The SEC also accused the bank of breaching its fiduciary duty, engaging in prohibited joint transactions and principal trades and failing to make recommendations that serve the best interests of its customers.
