News From Press Sebi settles proceedings against JP Morgan Mutual Fund

Sebi settles proceedings against JP Morgan Mutual Fund

Source: ET Mar 31, 2017

Sebi has settled proceedings against JP Morgan Mutual Fund and two related entities after they paid a total of Rs 2.75 crore and also voluntarily restrain from issuing new schemes for one year.

The adjudication proceedings pertained to JP Morgan Mutual Fund launching a scheme, back in 2014, after expiry of the right to launch deadline.

Besides, JP Morgan Mutual Fund, the proceedings were initiated by the regulator against trustee -- JP Morgan Mutual Fund India Pvt ..

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