Report: SEC Opens Investigation Into JPMorgan

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The Securities and Exchange Commission in recent days opened a preliminary investigation into JP Morgan’s surprising $2 billion loss, the New York Times reports, citing sources briefed on the matter:

The case, which is being run out of New York, will likely examine the bank’s past regulatory filings about the internal unit that placed the trades — as well as recent statements from the firm’s top executives.

 

 

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