Mr. Burk came to view his $5 million investment in the fund as an ugly stepchild, and regulators now are looking at whether his experience fits a pattern of J.P. Morgan inappropriately steering its private-banking clients to its own hedge-fund investment products, according to people close to the probe. ... CFTC ( CFTC ) is investigating JP Morgan over allegations the bank is steering its private-banking clients to its own hedge-fund investment products, without the proper disclosures. The CFTC investigation includes Highbridge Capital Management , an investment company owned by JP Morgan , as it is looking at why large proportions of JP Morgan 's assets are coming from CFTC private bank assets and if this helped Highbridge stabilise during the financial crisis. JP Morgan is already in advanced talks over similar allegations with the US Securities and Exchange Commission ( the US Securities and Exchange Commission ), with an expected settlement to be in the region of $5 million .
CFTC ( CFTC ) is investigating JP Morgan over allegations the bank is steering its private-banking clients to its own hedge-fund investment products, without the proper disclosures. The CFTC investigation includes Highbridge Capital Management , an investment company owned by JP Morgan , as it is looking at why large proportions of JP Morgan 's assets are coming from CFTC private bank assets and if this helped Highbridge stabilise during the financial crisis. JP Morgan is already in advanced talks over similar allegations with the US Securities and Exchange Commission ( the US Securities and Exchange Commission ), with an expected settlement to be in the region of $5 million .