JPMorgan Chase (JPM +1.1%) is paying more than $700M to settle SEC charges that the bank made unlawful payments to friends of public officials to win Alabama muni bond business.
This kind of fraud will only stop when we have some perp walks and people are put in jail ... in addition to MORE hefty fines. How about a fine equal to the proposed bonuses for JPM employees? I think that would have a lasting impact.
This news story has 4 comments:
On Nov 04 01:31 PM optionsgirl wrote:
> How about some jail time for JPM personnel?