Report: SEC Opens Investigation Into JPMorgan

Start your day with TPM.
Sign up for the Morning Memo newsletter

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.

 

 

Latest Livewire
1
Show Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Deputy Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: