JP Morgan Chase FINRA Discipline Alert! From January 2019 to July 2022, the firm’s financial risk management controls and supervisory procedures were not reasonably designed to prevent certain erroneous orders that exceeded appropriate price or size parameters. Punishment? A $750k fine & censure.

by Dismal-Jellyfish https://www.finra.org/sites/default/files/fda_documents/2018058111301%20J.P.%20Morgan%20Securities%2C%20LLC%20CRD%2079%20AWC%20gg.pdf The firm’s market access controls failed to prevent five erroneous orders routed to exchanges and alternative trading systems: On January 30, 2019, a firm trader on the Program Trading Agency Desk routed to the market an order …

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Genevieve Roch-Decter: The FDIC took a $13 billion loss on the deal, while JP Morgan will gain $2.6 billion Does the government really need to subsidize the largest bank in the world?

Source: https://t.co/iwVahYs986 — Genevieve Roch-Decter, CFA (@GRDecter) May 18, 2023 The government: "We have to be careful of letting a few banks control the entire economy" Also the government: Invites the CEOs of the largest banks to a private meeting …

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Morgan Stanley expects a -0.4% GDP in the second quarter in the U.S…The market is expecting the Fed to start cutting rates very soon… Fed’s Goolsbee: I’m getting the “vibes’ that a credit squeeze is beginning.

Morgan Stanley expects a -0.4% GDP in the second quarter in the U.S. pic.twitter.com/Ksns6UdD2N — Daniel Lacalle (@dlacalle_IA) May 8, 2023 The market is expecting the Fed to start cutting rates very soon pic.twitter.com/cGkUvk3vil — Genevieve Roch-Decter, CFA (@GRDecter) May …

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Is JP Morgan good? Request an order to permit certain registered closed-end management investment companies to issue multiple classes of shares and to impose early withdrawal charges and asset-based distribution and/or service fees with respect to certain classes.

by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-04866.pdf An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing on any application by emailing the SEC’s Secretary at Secretarys-Office@sec.gov and serving the relevant applicant with a copy of …

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Former JP Morgan executive Jes Staley sent 1,200 emails to Jeffrey Epstein that strongly suggest he was involved in Epstein’s sex trafficking ring.

“That Was Fun”: Bombshell New Emails Unsealed Between Epstein and JP Morgan Executivehttps://t.co/fTsiyX80cN — Collin Rugg (@CollinRugg) February 16, 2023 These are texts of JPMorgan's executive Jes Staley & Jeffery Epstein, per Bloomberg. “That was fun” Staley allegedly wrote, “Say …

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JP Morgan to Create Ukraine Fund

by Martin Armstrong QUESTION: Mr. Armstrong, JP Morgan seems to be cutting a deal with Zelensky to create an infrastructure fund to rebuild Ukraine. How can they create such a fund when the war is ongoing? Something does not seem right. …

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Morgan Stanley Issues Major Warning for Stock Investors

Photo (CC BY 2.0) by Alex Proimos on Wikipedia Commons From Peter Reagan at Birch Gold Group In 2022, there were several signs that indicated the U.S. was in economic recession. These signs included (but weren’t limited to): Back-to-back quarters of negative GDP growth, red-hot inflation all …

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