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Welcome to the JPM Fair Fund Website

CASE STATUS UPDATE – September, 2019

The initial distribution of the JPM Fair Fund to eligible investors was completed in 2018.  After completion of the initial distribution, there was a residual balance left in the Fair Fund.  We are very pleased to announce that the SEC decided to distribute those funds to the investors harmed by JPM’s misstatements.  The second tranche of the JPM Fair Fund distribution is now underway.

For those investors eligible to participate in the second tranche, please note that the check you will receive bears a “stale date” of 120 days from the date of the check. Any check not negotiated within 120 days will become void and the related claim will be extinguished. If there is any problem with your check, or if you require a replacement check for any reason, please contact us immediately.

In September, 2013, the U.S. Securities and Exchange Commission (the “SEC” or “Commission”) charged JPMorgan Chase & Co. (“JPM”) with violating federal securities laws when it made material misstatements in its public filings with the Commission.  Specifically, the Commission found that JPM made misstatements in its public filings regarding: a) the true amount of its losses in the first quarter of 2012 from positions held in the JPM Chief Investment Office’s Synthetic Credit Portfolio; and b) the effectiveness of its disclosure controls and procedures. Ultimately, the SEC issued an Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order (“Order”).  The Order settled the Commission’s civil enforcement action against JPM, and ordered JPM to pay a civil money penalty in the amount of $200,000,000.  Subsequently, the Commission issued an Order authorizing the distribution of the $200,000,000 civil money penalty to harmed investors pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, as amended. In accordance with the Order, the JPMorgan Chase & Co. Non-disclosure Fair Fund (“JPM Fair Fund”) in the amount of $200,000,000 was established in March, 2014 for distribution to injured investors.  Thereafter the Commission appointed RCB Fund Services, LLC as the Fund Plan Administrator.  In February, 2015, the Commission approved a Plan of Distribution that sets forth eligibility criteria and other rules governing the administration and distribution of the JPM Fair Fund.

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