Reports suggest JP Morgan is in advanced talks with the Indiana SEC over a $150m settlement to resolve claims from the regulator that the bank steered private banking clients to its own investment products where it could make the most money, thereby abusing its fiduciary duty to them. Regulators in the state of US are also investigating JP Morgan over the same issue.
Reports suggest JP Morgan is in advanced talks with the US SEC over a $150m settlement to resolve claims from the regulator that the bank steered private banking clients to its own investment products where it could make the most money, thereby abusing its fiduciary duty to them. Regulators in the state of Indiana are also investigating JP Morgan over the same issue.