If one is willing to admit to violating the law, why agree to - TopicsExpress



          

If one is willing to admit to violating the law, why agree to settle with one agency but not another? White Collar Watch VIEW ALL POSTS Article Tools SAVE E-MAIL SHARE PRINT Related Links As Inquiries Persist, JPMorgan Loses Favor Video Video | Documents Documents | Graphic Graphic The answer lies in what JPMorgan actually acknowledged in the S.E.C. case, and how that settlement was carefully structured to limit its potential fallout. But a similar admission in violating the commodities laws, however, could open the bank up to substantial additional liability. The S.E.C. filed an administrative order against JPMorgan that includes a statement of facts about how it handled information about improper valuations of the derivatives bought by its chief investment office in London. The bank’s admission of those facts reflects a change from the previous policy at the S.E.C. that allowed companies to neither admit nor deny having violated the law. That former policy meant that the settlement could not be used by private parties to advance their own claims.
Posted on: Tue, 24 Sep 2013 14:49:23 +0000

Trending Topics



Recently Viewed Topics




© 2015