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Adding to the pressure on JPMorgan (JPM -3.4%), a brokerage customer sues the bank for allegedly...

Adding to the pressure on JPMorgan (JPM -3.4%), a brokerage customer sues the bank for allegedly pushing under-performing and unsuitable in-house funds and investments on clients. The suit, which is seeking class-action status, follows a report that several regulatory agencies are examining JPMorgan's sales tactics.
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Comments (4)
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    is there any good news out of JPM?
    16 Jul 2012, 01:54 PM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Good News:

     

    JPM is big enough to fight off the ridiculous lawsuits.

     

    The stock can be bought at a discount.
    16 Jul 2012, 01:58 PM Reply Like
  • DianeLee
    , contributor
    Comments (356) | Send Message
     
    Settlements here; settlements there; settlements everywhere ~ and that includes the DOJ. Faster, probably cheaper, avoids unfair corporation bashing by the media, fast bucks for the greedy and the attorneys trying cases in the media. Time for the Judiciary to get realistic about frivolous lawsuits and class action lawsuits. Time to work for a healthier economy with fewer obstacles, which develops into....jobs. (imho)
    16 Jul 2012, 03:58 PM Reply Like
  • sixofhearts
    , contributor
    Comments (6) | Send Message
     
    Many fine academic minds, some that haven’t even posted here once, now agree that big business has a very serious problem to solve: most people don’t trust it. They haven’t for over a decade, as evidenced by compelling research from firms including Roper, Forrester, Edelman and The Reputation Institute—not to mention the rise of a multi-billion dollar watchdog industry that depicts the modern corporation as a powerful and evil force. So, yes my sarcastic response that made you smile, which I am glad, is actually a well-documented opposing movement in this world that shares a similar contemptuous observation: give me a valid reason not to trust you and I am doubtful.

     

    As the record shows; unbridled corporate America has not demonstrated itself as the righteous salvation to prosperity, not recently. If the nation’s financial system was actually manipulated as might be suggested in the LIBOR incident, is it that far-fetched that JPM could be guilty of pushing crappy investments onto clients? I will make a great leap here and suggest that the LIBOR manipulation scandal will become the historic final blow for Jamie Dimon as the model CEO. Those crummy investment vehicles oversold by JPM, that brought us to this discussion, will be old headlines. This has been fun; I had no time for this type banter before retiring.
    17 Jul 2012, 01:04 AM Reply Like
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