The FSA fines JPMorgan's (JPM) London unit a record £33.3M ($48.9M) for failing to properly...

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

The FSA fines JPMorgan's (JPM) London unit a record £33.3M ($48.9M) for failing to properly separate billions of dollars of client money from the firm's accounts. "Firms need to sit up and take notice of this action," says the FSA. "We have several more cases in the pipeline.”