JPMorgan’s Fund Choices for Clients Said Under SEC Review
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The Securities and Exchange Commission is reviewing whether conflicts of interest led JPMorgan Chase & Co. to sell certain investment products to individual clients, according to a person briefed on the matter.
The review is at an early stage, said the person, who asked to remain anonymous because the inquiry isn’t public. The Wall Street Journal, in a report on the review earlier today, said the Office of the Comptroller of the Currency has conducted a similar probe into whether JPMorgan inappropriately steered private-banking clients into its own products.