SEC

Politicians, SEC, Fitch Draw Bead On JPMorgan

U.S. Senator Bob Corker
Fitch Ratings on Friday downgraded JPMorgan Chase & Co. (NYSE: JPM), which just revealed at least $2 billion in losses on questionable trading. The downgrade came on the same day that a U.S. senator called for a Congressional probe of the giant bank and the head of the Securities and Exchange Commission confirmed that her agents are eyeing the money center's hedging activity.

SEC 'Probably' Drafting JPMorgan Subpoenas: Former Agent

A trader works in the J.P. Morgan stall on floor of the New York Stock Exchange, September 14, 2009.
U.S. Securities and Exchange Commission investigators are probably in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.
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Chesapeake CEO

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SEC Probes Movie Studios Over Dealings In China

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