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Insider Trading Fells SAC

First JPMorgan Chase agrees to accept fault for manipulating the market, then SAC Capital Advisors makes financial history the wrong way — by accepting a record $1 billion fine and agreeing to admit to insider trading charges.  In July, the Federal Bureau of Investigation (FBI) announced insider trading charges against SAC Capital companies. The FBI… Read More »

A Whale of a Tale: JPMorgan Accepts Fault

In a legal and regulatory scandal once described by JPMorgan CEO Jamie Dimon as a tempest in a teapot, the bank agreed in October to pay a $100 million fine and admit wrongdoing, which is an unprecedented move the bank greatly sought to avoid.  In filing and settling the charges against JPMorgan Chase, the Commodity… Read More »