Hefty Penalties Hardly Make JPMorgan Flinch
The past year was a tough one for JPMorgan Chase: The bank had to fork over close to $20 billion in penalties that were levied by various regulators.
JPMorgan to Pay More Than $2 Billion for Madoff Oversight Failure
“We recognize we could have done a better job pulling together various pieces of information and concerns about Madoff,” said JPMorgan Chase.
SEC Charges Madoff Employee With Falsifying Documents
Enrica Cotellessa-Pitz, a more-than-30-year employee of Bernard Madoff Investment Securities, was charged Monday by the SEC of falsifying internal accounting records at the firm to hide the fact that client money had been transferred to operating accounts to hide trading losses.
Due Diligence Remains Essential
As states begin regulating hedge funds in 2011, don't assume 'registered' equals 'safe.'
Is Mary What the SEC Needs?
At press time on January 15, the Senate Banking Committee was holding Mary Schapiro's confirmation hearing to be the next head of the Securities and...