J.P. MORGAN SECURITIES INC.

07/15/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20060059052-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: J.P. Morgan Securities Inc., Respondent Broker-Dealer CRD No. 79 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, J.P. Morgan Securities Inc. (the "firm" or "JPMS") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described

Reference 2006005905201finra.orgdata-portal.finra.org

05/13/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. C10050038 TO: Department of Enforcement NASD RE: J.P. Morgan Securities Inc., Respondent [BD No. 18718] Pursuant to Rule 9216 of the NASD Code of Procedure, J.P. Morgan Securities Inc. ("J.P. Morgan") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in

Reference C10050038data-portal.finra.orgfinra.org

08/10/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20050001137-01 TO: Department of Market Regulation NASD RE: J.P. Morgan Securities Inc., Respondent Broker-Dealer CRD No. 18718 Pursuant to Rule 9216 of NASD Code of Procedure, J.P. Morgan Securities Inc. ("JPMS" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not

Reference 2005000113701data-portal.finra.orgfinra.org

08/17/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20050021341-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: J.P. Morgan Securities, Inc. Respondent Broker-Dealer CRD No. 79 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, J.P. Morgan Securities, Inc. (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This

Reference 2005002134101data-portal.finra.orgfinra.org

04/18/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.## CE2050008 TO: Department of Enforcement NASD RE: J.P. Morgan Securities Inc. CRD #18718 Pursuant to Rule 9216 of NASD Code of Procedure, Respondent J. P. Morgan Securities Inc. ("J.P. Morgan" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not bring any future

Reference CE2050008data-portal.finra.orgfinra.org

08/05/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E102003026501 TO: Department of Enforcement NASD RE: J.P. Morgan Securities, Inc. ("J.P. Morgan") (BD No. 18718) Pursuant to Rule 9216 of NASD Code of Procedure, Respondent J.P. Morgan submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not bring any future actions against

Reference E102003026501data-portal.finra.orgfinra.org

08/06/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2007011145701 TO: Department of Enforcement Financial Industry Regulatory Authority (''FINRA") RE: Bear Stearns & Co. Inc., n/k/a J.P. Morgan Securities, Inc., Respondent CRD No. 79 Pursuant to Rule 9216 of FINRA Code of Procedure, Bear Stearns & Co. Inc., n/k/a J.P. Morgan Securities, Inc. ("Bear Stearns" or "the Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2007011145701data-portal.finra.orgfinra.org

04/24/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20041000011-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: J.P. Morgan Securities Inc., Respondent Broker-Dealer CRD No. 18718 Pursuant to NASD Rule 9216 of the FINRA Code of Procedure, J.P. Morgan Securities Inc. (the "firm" or "JPMS") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of

Reference 2004100001101data-portal.finra.orgfinra.org

02/24/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20070079718-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: J.P. Morgan Securities Inc., Respondent Broker-Dealer CRD No. 79 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, J.P. Morgan Securities Inc. ("JPMS" or the "firm") submits this Letter of Acceptance, Waiver and Consent ( AWC") for the purpose of proposing a settlement of the alleged rule violations described

Reference 2007007971801data-portal.finra.orgfinra.org

04/04/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 200160067541-01TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: JP Morgan Securities, Inc., Respondent Broker-Dealer CRD No. 18718 Pursuant to NASD Rule 9216 of FINRA Code of Procedure, JP Morgan Securities, Inc. (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2006006754101data-portal.finra.orgfinra.org

12/12/2007: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2005001306301 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: J.P. Morgan Securities, Inc. ("JP Morgan") (BD No. 18718) Pursuant to NASD Rule 9216 of FINRA Code of Procedure, Respondent JP Morgan submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations description

Reference 2005001306301finra.orgdata-portal.finra.org

01/09/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20042000159-01 TO: Department of Market Regulation NASD RE: J.P. Morgan Securities Inc., Respondent Broker-Dealer CRD No. 18718 Pursuant to Rule 9216 of NASD Code of Procedure, J.P. Morgan Securities Inc. ("JPMS" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not

Reference 2004200015901data-portal.finra.orgfinra.org