UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 34-62738 / August 18, 2010
Administrative Proceeding File No. 3-13673
In the Matter of
J.P. MORGAN SECURITIES INC.
NOTICE OF PROPOSED PLAN OF DISTRIBUTION AND OPPORTUNITY FOR COMMENT
Notice is hereby given, pursuant to Rule 1103 of the Securities and Exchange Commission's ("Commission") Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. §201.1103, that the Division of Enforcement has filed with the Commission the proposed plan ("Distribution Plan") for the distribution of monies in In the Matter of J.P. Morgan Securities Inc. The Commission issued an Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933, and Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order in this matter on November 4, 2009 (Rel. 33-9078).
OPPORTUNITY FOR COMMENT
Pursuant to this Notice, all interested parties are advised that they may obtain a copy of the Distribution Plan from the Commission's public website, http://www.sec.gov, or by submitting a written request to Teresa J. Verges, Assistant Regional Director, United States Securities and Exchange Commission, 801 Brickell Ave., Suite 1800, Miami, FL 33131. Further, all persons desiring to comment on the Distribution Plan may submit their comments, in writing, within 30 days of the date of this Notice:
to the Office of the Secretary, United States Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090;
by using the Commission's Internet comment form (http://www.sec.gov/litigation/admin.shtml); or
by sending an e-mail to firstname.lastname@example.org.
Comments submitted by email or via the Commission's website should include "Administrative Proceeding File Number 3-13673" in the subject line. Comments received will be available to the public. Persons should only submit information that they wish to make publicly available.
THE DISTRIBUTION PLAN
The Distribution Plan provides for distribution of the $25,000,000.00 penalty and $1.00 of disgorgement paid by J.P. Morgan Securities Inc., plus any accumulated interest, less any federal, state, or local taxes on the interest and tax administrator fees. The proposed plan provides for distribution of the monies to Jefferson County, Alabama.
For the Commission, by its Secretary, pursuant to delegated authority.
Elizabeth M. Murphy
See Also: Proposed Plan of Distribution