JPMorgan Hid Trades Banned by Volcker Rule

Carl Levin, Chairman, US Senate Permanent Subcommittee on Investigations, said the following about JPMorgan Chase & Co. (JPM):JPMorgan Hid Trades Banned by Volcker Rule, Senate Probe Finds - Bloomberg

"The investigation of our Permanent Subcommittee on Investigations into the JPMorgan whale trades opens a window into the hidden world of high-stakes derivatives trading by a major bank," Levin said. "We found a trading operation that piled on risk, ignored limits on risk taking, hid losses, dodged oversight and misinformed the public."

via JPMorgan Hid Trades Banned by Volcker Rule, Senate Probe Finds - Bloomberg.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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