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The SEC pressed JPMorgan (JPM) to improve investor disclosures on its proprietary trading almost...

The SEC pressed JPMorgan (JPM) to improve investor disclosures on its proprietary trading almost a year before its $6.2B London Whaling trading fiasco at its Chief Investment Office. In May this year, JPMorgan asserted that the derivatives trade that led to the loss was a hedge against a weakening economy rather than a proprietary bet. It's not a claim that suing investors are buying.
Comments (1)
  • Maninder Batra
    , contributor
    Comments (572) | Send Message
     
    JP Morgan pressed by SEC??? hahahah .... considering that SEC and JP Morgan is involved in multi trillion cover up scandals are we supposed to trust the lies they spout?
    12 Dec 2012, 05:48 AM Reply Like
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