If you are an investor of JP Morgan common stock between the time frame of April 13, 2012 and May 20, 1012 you may be awarded compensation from a recent settlement by the U.S. Securities and Exchange Commission charging JPMorgan Chase & Co. of violating federal securities laws. The company was ordered to distribute $200 million in civil money penalties to investors harmed by JPM’s failure to disclose accurately the amount of trading losses endured during the first quarter of 2012.
The JPM Fair Fund has been setup to compensate investors who purchased JPM common stock between April and May of 2012 giving them the opportunity to submit an online claim to show their eligibility. The process of submitting an online claim is available at jpmsecfund.com and filers must have the proper documentation to accompany their claim. They will need to attach a list of purchases and sells of JPM common stock made during April 13, 2012 and May 20, 2012 including the number of shares held. Supporting documentation must include name, account number, date of transaction, quantity, total transaction amount, and security name. These documentations can be sent electronically by attaching to your online claim or by mailing in.
The most convenient way to submit your claim is to apply online but participants can also utilize mail. Participants who desire to submit their claim by mail can download the proper forms from the JPM Fair Fund website, complete the forms including all necessary documentation, and return by mail. For participants who may not have access to the internet they can call 1-866-578-3658 to have the Fund Plan Administrator mail a claim form. The deadline for having a claim submitted is no later than midnight September 4, 2015.
Any questions concerning eligibility can be answered at the Frequently Asked Questions section of the site.