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JPMorgan to pay $153.6M to settle fraud charges

BY: Associated Press
POSTED: June 21, 2011
Tags: , , , , , , , , , , , ,

WASHINGTON — JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing. J.P. Morgan Securities, a division of the powerful Wall Street bank, failed to inform investors that a hedge fund helped select the investment [...]


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An early-morning wave of storm clouds moves through Stevenson on Thursday. (Maximilian Franz/The Daily Record)

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