JPMorgan to pay $153.6M to settle fraud charges

JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing.

J.P. Morgan Securities, a division of the powerful Wall Street bank, failed to tell investors that a hedge fund helped select the investment portfolio and then bet that the portfolio would fail, the Securities and Exchange Commission said. [Read full story...]


Fatal error: Allowed memory size of 67108864 bytes exhausted (tried to allocate 49 bytes) in /home/content/07/5498607/html/tegresources/wp-includes/cache.php on line 570