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

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

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.