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S.E.C. Opens Investigation Into JPMorgan’s $2 Billion Loss
NY Times – Regulators are investigating potential civil violations surrounding the $2 billion loss that JPMorgan Chase disclosed on Thursday, raising further questions about trading activities at the nation’s biggest bank. The Securities and Exchange Commission recently opened a preliminary investigation into JPMorgan’s accounting practices and public disclosures about the trades, according to people briefed on the matter, who spoke on the condition of anonymity because the case is not public. Read Article
Tags: banks, crime law, debt wealth, North America
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