Insider Trading Problems at JP Morgan
More bad news for J.P. Morgan Chase ? regulators in Japan have found that a Japanese employee of JP Morgan was involved in insider trading in connection with a share offering by Nippon Sheet Glass Co....
View ArticleRegulators Expand Investigations into JP Morgan’s Derivatives Trading
The Commodities Futures Trading Commission (CFTC) is expanding its investigation into whether J.P. Morgan traders, who made the derivatives trades that resulted in losses of $3 billion and counting,...
View ArticleInvestor Alert – JPMorgan Alerian MLP Index ETN
Heads up to Investors in the JPMorgan Alerian MLP Index ETN (Symbol: AMJ). JPMorgan has ceased issuing new shares of the master limited partnership exchange-traded note. The ETN posted a note on its...
View ArticleJPMorgan’s Derivatives Losses Reach $9 Billion and Counting
The New York Times reported that JPMorgan’s trading losses from credit derivatives may total as much as $9 billion, far exceeding the firm’s initial estimate. Initially, CEO Jamie Dimon disclosed that...
View ArticleJPMorgan Proprietary Funds Torch Investors
JPMorgan financial advisers say that they were encouraged to push the firm’s proprietary products despite the availability of less expensive, better performing alternatives, and that the firm...
View ArticleCase Reveals How Wall Street Banks Cheated Municipalities out of Billions of...
The former co-head of UBS AG’s municipal-derivatives group, and two ex-colleagues are defendants in a municipal bond bid-rigging case being tried before U.S. District Judge Kimba Wood in Manhattan...
View ArticleUnderwriter Abuses are Plentiful in the Municipal Bond Markets
Firms that underwrite municipal bonds often gain advantage over municipalities by engaging in unlawful acts that sometimes may rise to the level of criminal activity. Public officials are, by and...
View ArticleInvestors Should Be Wary of Variable Prepaid Forward Transactions
Variable prepaid forward transactions result in a huge judgment against JPMorgan. An Oklahoma state court judge recently found that JPMorgan Chase breached its fiduciary duty as a co-trustee of a trust...
View ArticleJP Morgan and Credit Suisse Pay Over $400 Million to Settle Mortgage-Backed...
The SEC has settled two mortgage-backed securities actions against J. P. Morgan Chase and Credit Suisse for over $400 million. The enforcement actions arose out more than $1 billion in losses by...
View ArticleJ.P. Morgan to Cut Thousands of Jobs
J. P. Morgan Chase has announced plans to cut 17,000 jobs over a two-year period and cut $1 billion of expenses this year. The announcement was made at an Investor Day presentation in New York. The...
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