, Columnist
Another Day, Another JPMorgan Investigation
JPMorgan Chase is under investigation by the Justice Department, which is looking into whether the company or its employees tried to hinder a separate investigation.
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Manhattan U.S. Attorney Preet Bharara's office is conducting a criminal investigation into whether JPMorgan Chase & Co. employees tried to obstruct an inquiry by the Federal Energy Regulatory Commission, according to Reuters, which cited unidentified people familiar with the probe.
The origin of the latest probe, which includes the Federal Bureau of Investigation, is as interesting as the news of its existence. Here's what the Reuters article said: "The impetus for the investigation, according to one of the sources, was in part a July 31 letter to FERC from Massachusetts Senator Elizabeth Warren and Massachusetts Congressman Edward Markey, both Democrats."