The Traderszone Network

Published in TZ Latest News 17 December, 2015 by The TZ Newswire Staff

JPMorgan to settle U.S. charges over asset unit’s disclosures

JPMorgan Chase & Co (JPM.N) is expected to strike a settlement with U.S. regulators on Friday to resolve charges over failing to disclose that it preferred putting clients into some of its own funds and other proprietary products, according to people familiar with the matter. The bank is expected to pay at least $200 million to resolve parallel civil charges by both the Securities and Exchange Commission, as well as the Commodity Futures Trading Commission, one of the people said on Thursday.

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