SEC investigates ex-JPMorgan debt traders

Section:

Kara Scannell and Joe Rennison
Financial Times, London
Sunday, April 3, 2016

NEW YORK -- The top US securities watchdog has launched an investigation into government debt trades made by two former JPMorgan Chase employees who left the bank earlier this year after a dispute over compliance procedures.

The Securities and Exchange Commission inquiry, which is in its early stages, steps up the pressure on JPMorgan and comes amid greater regulatory scrutiny of the opaque $13-trillion Treasury market.

The Financial Industry Regulatory Authority, the industry watchdog, has already said that it was looking into the traders’ termination. Finra is also investigating the circumstances of the disclosures JPMorgan made when explaining the traders' exit, a person familiar with the matter said. ...

... For the remainder of the report:

http://www.ft.com/intl/cms/s/0/6b0616e4-f854-11e5-803c-d27c7117d132.html



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