I think you need to do a bit more work about what a nominee company does:
"What is the purpose of a nominee company? nominee company. Company formed by a bank or other fiduciary organization to hold and administer securities or other assets as a custodian (registered owner) on behalf of an actual owner (beneficial owner) under a custodial agreement." - google search
JP Morgan probably have nothing in this themselves.
My opinion is that it is probably used by some to hide a substantial holding.
MLS Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
