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

    Mini-Biography: Vision for the Organization: (We must bring forth fruits worthy of repentance. The giving and sharing economy is the right system for running the whole household of Heaven and Earth.) Articles: (Thousands of online articles.) Employment: (2007 - Present: President: RLCC.) (1995 - Present: Independent contracting; Website developing; Writing.) (1993 - 1995: Factors International/Bradbury Hill International Finance.) Education: (City University, Olympia: Bellevue. Graduate Studies: Public Administration. Organizational Theory/Design.) (Arizona State University. BS, Political Science.) (Northern Arizona University.)
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