Key Points
Mumbai: JP Morgan Chase Bank has settled a securities law violation case with the Securities and Exchange Board of India (Sebi) by paying 22 lakh as settlement charges...
On August 9, 2021, designated depository participant J P Morgan Chase Bank (JPMC), informed Sebi about the delay in intimating about the merger of Fidelity Investments Money Management Inc. (FIMM), a registered FPI, with its affiliate Fidelity Management & Research Company LLC (FMRC)...
However, after merger, the surviving entity i.e., FMRC, which had not obtained FPI registration, operated in the Indian securities market under the name, accounts and FPI registration of FIMM...
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