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Friday, Sep 20
SEC continues probe into JPMorgan's London Whale trades
- Even though JPMorgan (JPM) has agreed to pay various regulators, including the SEC, more than $920M to settle charges over its London Whale trading blunder, the agency is still reportedly carrying out a civil investigation of bank staff who are connected to the fiasco.
- While CEO Jamie Dimon isn't expected to be probed, the SEC is looking at employees who may have been responsible for alleged problems with internal controls and corporate governance.
- One person who might be about to become famous - or infamous - is Jason Hughes, who was responsible for checking the values of the London Whale trades.