Oh no. They will neither “admit nor deny”… Shareholders best get ready!

NYT-

Regulators are investigating potential civil violations surrounding the $2 billion loss that JPMorgan Chase disclosed on Thursday, raising further questions about trading activities at the nation’s biggest bank.

The Securities and Exchange Commission recently opened a preliminary investigation into JPMorgan’s accounting practices and public disclosures about the trades, according to people briefed on the matter, who spoke on the condition of anonymity because the case is not public. Regulators learned about the activities in April, and formally opened an investigation in recent days, the people said.

[NEW YORK TIMES]

Related posts:

1. Mortgagors, BEWARE! Ocwen Set to Buy $15 Billion in MSRs from JPMorgan Something strange is going on here and it looks like...
2. BLOOMBERG | JPMorgan Borrowed at Least $5.9 Billion From Fed Discount Window JPMorgan Chase & Co. (JPM), the second- largest U.S. bank...
3. Fannie, Freddie Said to End Lawyer “Foreclosure Mill” Networks Amid Mortgage Woes Nothing last forever… But now the servicers get to make...
4. Neil Barofsky on JPMorgan Trading Loss, Regulation – Bloomberg Video Listen carefully towards the end who pays for this fraud!...
5. Madoff ex-clients file $19 billion suit against JPMorgan If you recall from the previous unsealed complaint, “Top JPMorgan...