MARCY GORDONWASHINGTON -- Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss. Mary Schapiro, chairman of the Securities and Exchange Commission, told the Senate Banking Committee Tuesday that the agency is examining JPMorgan's earnings statements and first-quarter financial reports to determine if they were "accurate and truthful."
Schapiro and Gary Gensler, chairman of the Commodity Futures Trading Commission, said the $2 billion-plus loss at JPMorgan should be a lesson for regulators to tighten rules as they draft them under the 2010 financial overhaul law.
---
Get Eyewitness News Delivered
Facebook | Twitter | Newsletters | Text Alerts
(Copyright ©2012 by The Associated Press. All Rights Reserved.) Get more Business »business
Nenhum comentário:
Postar um comentário