JPMorgan Resolves Enforcement Action Regarding China Subsidiary’s Hiring Practices -

On November 17, 2016, JPMorgan Chase & Co. (JPMC) entered into a nonprosecution agreement with the Department of Justice (DOJ), and the Securities and Exchange Commission (SEC) and the Federal Reserve Board of Governors (FRB) issued administrative cease¬and-desist orders, in connection with allegations that JPMC’s wholly owned Hong Kong-based subsidiary, JPMorgan Securities (Asia Pacific) Limited (JPMorgan APAC), violated the antibribery and books and records provisions of the Foreign Corrupt Practices Act (FCPA).