JPMorgan to Pay $153.6 Million to Settle SEC Probe

JPMorgan to Pay $153.6 Million to Settle SEC Probe

Jun. 21, 2011
June 21 (Bloomberg) -- JPMorgan Chase & Co., the only Wall Street bank to remain profitable throughout the financial crisis, agreed to pay $153.6 million to resolve U.S. regulatory claims over its role in designing and selling a product linked to risky mortgages as the housing market unraveled in 2007. The U.S. Securities and Exchange Commission said today in a statement that "harmed investors will receive all of their money back." Su Keenan reports on Bloomberg Television's "Fast Forward." (Source: Bloomberg)
Bloomberg
Correction: Clarification: