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. Last Updated: 07/27/2016

J.P. Morgan Fine

WASHINGTON -- Regulators on Tuesday fined investment bank J. P. Morgan & Co. Inc.'s securities unit $200,000 for allegedly violating the limit order display rule, designed to protect investors and aid price discovery.

When a customer places a limit order, a market maker must either immediately agree to make the trade at the requested price, or display it to the market so the transaction can be made elsewhere.

J. P. Morgan Securities settled the matter, agreeing to the fine and censure without admitting or denying the charges brought by the regulatory arm of the National Association of Securities Dealers, which oversees all U.S. stockbrokers and brokerage firms.