WASHINGTON — George K. Baum & Co. and CDR Financial Products, Inc. were bidding agents for muni reinvestment transactions involving J.P. Morgan Securities where bid-rigging occurred, according to court and bond documents as well as transaction participants.

The reinvestment transactions were cited as examples of fraudulent bidding practices in court documents filed by the Securities and Exchange Commission in connection with a $228 million global settlement that J.P. Morgan Securities and JPMorgan Chase & Co. reached with the Securities and Exchange Commission and other regulators earlier this month.

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