Jp Morgan Case Study
SEC Assignment- M15
Amara Melchert
1. I read the article JPMorgan Chase Paying $264 Million to Settle FCPA Charges. This article is about the fines JPMorgan is paying to settle SEC charges, to the Justice Department, the Federal Reserve Board and sanctions. JPMorgan violated the Securities Exchange Act of 1934. JPMorgan set up a scheme where they hired unqualified people who were the children of government officials. Employees knew this was possibly happening and continued on with this hiring practice. It financially benefitted JPMorgan to do this. They earned over $100 million from these hiring practices.
2. Companies make the decision to “go public” for many reasons. Companies will “go public” to give them public exposure. They will also “go public” to make awareness and make a reputation for a company. Companies will “go public” to bring in new employees and to compensate employees with stock options. Companies will also “go public” to increase assets and make the opportunity for more assets possible. They …show more content…
To “go public” a couple steps need to be followed. First, a company must file a registration statement. This has to be done with the SEC. A registration statement does not go into force until the SEC declares it so. There is two parts to registration statements. The first part is prospectus. Prospectus is describing the essential parts of how the business operates. This includes how the company is doing financially, if there is any risk factors and about management. The prospectus has to be distributed to anyone who purchases the securities or is thinking about purchasing the securities. The second part is any other information the company is not required to give to investors but still has to be filed with the SEC. This might be material contracts. A company may file a Form S-1 which will have specific information in it. This includes information about your business, any risks in investing in your business, and similar
Amara Melchert
1. I read the article JPMorgan Chase Paying $264 Million to Settle FCPA Charges. This article is about the fines JPMorgan is paying to settle SEC charges, to the Justice Department, the Federal Reserve Board and sanctions. JPMorgan violated the Securities Exchange Act of 1934. JPMorgan set up a scheme where they hired unqualified people who were the children of government officials. Employees knew this was possibly happening and continued on with this hiring practice. It financially benefitted JPMorgan to do this. They earned over $100 million from these hiring practices.
2. Companies make the decision to “go public” for many reasons. Companies will “go public” to give them public exposure. They will also “go public” to make awareness and make a reputation for a company. Companies will “go public” to bring in new employees and to compensate employees with stock options. Companies will also “go public” to increase assets and make the opportunity for more assets possible. They …show more content…
To “go public” a couple steps need to be followed. First, a company must file a registration statement. This has to be done with the SEC. A registration statement does not go into force until the SEC declares it so. There is two parts to registration statements. The first part is prospectus. Prospectus is describing the essential parts of how the business operates. This includes how the company is doing financially, if there is any risk factors and about management. The prospectus has to be distributed to anyone who purchases the securities or is thinking about purchasing the securities. The second part is any other information the company is not required to give to investors but still has to be filed with the SEC. This might be material contracts. A company may file a Form S-1 which will have specific information in it. This includes information about your business, any risks in investing in your business, and similar