JPMorgan's two subsidiaries have agreed to pay over $0.151 billion to settle a series of charges by the US Securities and Exchange Commission against their handling of clients and certain trades.

The institutions announced on Thursday that JPMorgan Securities and JPMorgan Investment Management have agreed to pay this amount (including fines and compensation to investors) to settle four civil cases. The securities subsidiary also reached a fifth settlement without financial penalties, as the institutions acknowledged their cooperation and remedial measures.

These charges include allegations that JPMorgan or its employees misled clients or directed them to purchase investment products when there were cheaper options available. The company did not admit or deny misconduct in the settlement.

A JPMorgan spokesperson stated in an email declaration that the company has identified and addressed the issues, working with regulatory institutions to address concerns.