No Individual Charges In J.P. Morgan Probe

The top U.S. securities regulator doesn't intend to charge any individuals in its planned enforcement action against J.P. Morgan Chase & Co. for the allegedly fraudulent sale of mortgage bonds, people close to the investigation told the WSJ.

The largest U.S. bank by assets will pay a significant financial penalty under the proposed deal, which has been approved by Securities and Exchange Commission staff but not by the agency's five commissioners, said the people close to the probe.

The J.P. Morgan deal is expected to be the first in a series of SEC enforcement actions related to Wall Street's manufacture and…..

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