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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.
Comments (2)
  • Ted Bear
    , contributor
    Comments (575) | Send Message
     
    It's always some flunky who brought the whole thing down. Never anyone who had management or supervisory 'responsibility'.
    20 Sep 2013, 07:07 AM Reply Like
  • spinrbait
    , contributor
    Comments (341) | Send Message
     
    considering nothing was brought down, jpm still made alot of money, and even raised their dividend, the real flunkys appear to be the self appointed members of the occupy mob, who refuse to live in reality.
    20 Sep 2013, 08:09 AM Reply Like
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