Search Results for: JP Morgan Chase
J.P. Morgan Securities admits to manipulative trading in U.S. Treasuries
September 30th, 2020
The Securities and Exchange Commission announced charges against J.P. Morgan Securities LLC, a broker-dealer subsidiary of JPMorgan Chase & Co., for fraudulently engaging in manipulative trading of U.S. Treasury securities. J.P. Morgan Securities admitted the findings in the SEC’s ...
JPMorgan to pay more than $135 million to settle charges
December 27th, 2018
The Securities and Exchange Commission (SEC) announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of ...
JPMorgan maps out currencies to buy If a recession is coming
July 9th, 2018
If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen — and ditch emerging market currencies, according to analysts from JPMorgan Chase & Co. “Recessions are when ...
JPMorgan considers getting into bitcoin while bank’s CEO Jamie Dimon calls it ‘a fraud’
November 23rd, 2017
The Wall Street banking giant JPMorgan is weighing up whether it could help its clients tap into a potential bitcoin futures market being prepared by the Chicago Mercantile Exchange (CME), media reported citing sources. The bank is gauging client ...
Morgan Stanley reported second quarter earnings well above expectations
July 20th, 2017
Morgan Stanley shares jump after earnings, revenue easily beat the Street Morgan Stanley reported second quarter earnings Wednesday that soundly topped expectations, helped by an increase in stock trading revenues and profits from its wealth management business. Earnings per ...
JPMorgan deploys software to reduce legal contract work
March 3rd, 2017
The bank has created software which reviews deals in seconds – a task that took lawyers some 360,000 hours every year. JPMorgan Chase introduced the software, COIN, for Contract Intelligence, to interpret commercial loan agreements that, until the project ...
SFC reprimands and fines two JP Morgan entities HK$5.6 million for regulatory breaches
October 20th, 2016
The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and JPMorgan Chase Bank, National Association (JPMCB), and fined them $3 million and $2.6 million respectively for regulatory breaches including disclosure failures in research ...
Ex-JPMorgan vice president guilty on 9 counts of insider trading
August 18th, 2016
Ex-JPMorgan Chase V.P. guilty on 9 counts of insider trading in father’s $1M windfall Sean Stewart, a former investment vice president at JPMorgan Chase, helped his father and others make more than $1 million in illegal trades from 2011 ...
JPMorgan to use computerized technology in dealer to dealer market
August 4th, 2016
Three-year deal is for the dealer-to-dealer Treasury market Virtu is one of the world’s biggest electronic trading firms JPMorgan Chase & Co. will use a computerized trading firm’s technology to access and trade in the U.S. Treasury market, marking ...
Ex-JPMorgan Broker Gets Five Years for Gambling Funds Away
March 9th, 2016
Oppenheim once had 500 clients, managed almost $90 million Broker racked up losses betting on NFL games, online sports A former JPMorgan Chase & Co. broker who said he stole millions of dollars from customers because his brain was ...
