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FINRA orders JPMorgan Chase (JPM -0.9%) to pay a $1.9M fine for customer losses that were...

FINRA orders JPMorgan Chase (JPM -0.9%) to pay a $1.9M fine for customer losses that were incurred from the unsuitable sales and recommendations of unit investment trusts and floating rate loan funds. The agency says Chase brokers steered clients with conservative risk profiles to investments consisting of high-yield or junk bonds that in some cases were illiquid.
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