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Pennsylvania Securities Commission Assesses JP Morgan Chase & Co. $524,634 in Settlement of Auction Rate Securities Case.

Publication: PR Newswire
Publication Date: 25-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
HARRISBURG, Pa., Aug. 25 /PRNewswire/ -- The Pennsylvania Securities Commission (PSC) today executed a final order wherein JP Morgan Chase & Co. (JP Morgan) repurchased $31.9 million in auction rate securities (ARS) from Pennsylvania investors as part of a settlement for the role JP Morgan and related companies played in the sale of the securities before the collapse of the ARS market early in 2008....

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