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The Economic Times

Business / The Economic Times

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JPMorgan settles Sebi case, pays Rs 34 lakh

JP Morgan Chase Bank has agreed to pay 34 lakh rupees to Sebi following violations related to foreign portfolio investor laws. Their missteps include issuing FPI licenses to firms lacking proper UK registration and not accurately verifying the status of certain entities. Compounding these issues were significant delays in merger reporting, which further illuminated the compliance shortcomings.

21 Mar 2026 9:48 am