When it rains, it pours. According to the Wall St Journal the Securities and Exchange Commission has begun reviewing J.P. Morgan
Chase & Co.'s disclosures related to the $2 billion trading loss announced
by the company Thursday, according to a person familiar with the matter.
The review is at an early stage and hasn't progressed to the
status of a formal investigation, this person said. Such reviews are routine
after public companies report unexpected losses that send their stock prices
sharply lower.
As a regulator, the SEC oversees J.P. Morgan's disclosures
to investors and the New York company's broker-dealer operations. The Federal
Reserve regulates the bank holding company of J.P. Morgan, .
Read more at http://online.wsj.com/article/SB10001424052702304203604577397984205205446.html?mod=WSJ_hp_LEFTTopStories
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