JPMorgan Securities has agreed to a settlement with the U.S. Securities and Exchange Commission (SEC) concerning its 2007 sale of CDOs called Squared CDO 2007-1, according to a press release from the firm. 

As part of the deal, JPMorgan agreed to SEC's filing of a complaint, but in doing so did not confirm or deny the accusations. The release also stated that the firm has agreed to pay $159 million in penalties resulting from the CDO sale.

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