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The SEC doesn't plan to charge any JPMorgan (JPM) employees in a deal to resolve the alleged...
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Monday, November 12, 2012, 3:57 AM ETThe SEC doesn't plan to charge any JPMorgan (JPM) employees in a deal to resolve the alleged fraudulent sale of mortgage bonds by the bank's Bear Stearns unit, the WSJ reports. That's despite SEC Commissioner Luis Aguilar last month saying that the lack of individual accountability for financial-crisis wrongdoing has led to a "significant amount of public concern, and understandably so."
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The SEC is a spineless bunch of future/past bank employees. Lets just break up all TBTF institutions and then gut the bureaucrats that didn't prevent anything. And along with that should be a law preventing bank regulators from working for any large financial institution for 5 years.