J.P. Morgan Securities Inc. Agreed to pay $25 million to settle allegations relating to the firm's allocation of stock to institutional customers in initial public offerings (ipos) it underwrote during 1999 and 2000. For more info visit https://www.finance.idaho.gov/legal/administrative-actions/securities/enforcement-orders/documents/2003/2003-7-25%20j%20p%20morgan.pdf
https://www.sec.gov/news/press/2003-129.htm