JPMorgan Chase, the largest US bank, has agreed to pay $151 million to settle five enforcement cases with the U.S. Securities and Exchange Commission (SEC). The settlements include $61 million in civil fines and $90 million in reimbursements to customers. The SEC accused JPMorgan of making misleading disclosures to brokerage customers who invested in 'conduit' products, which pooled customer money to invest in private equity or hedge funds. Additionally, JPMorgan will pay a $10 million civil penalty and a $1 million civil fine related to prohibited principal trades. The bank will also pay a $5 million civil fine for transactions during the early weeks of the COVID-19 pandemic and a $45 million civil fine over disclosure violations related to its portfolio manager program. Furthermore, JPMorgan has paid $15.9 million in remediation to customers who were advised to buy certain mutual funds when less expensive ETF products were available.