( I think JPMorgan needs a new financial statistical model. Don't worry, you just draw lines that go up, and make them colorful, so you can make yourself look really good, I've actually seen this done before...don't worry I'm sure everything will be fine. :) LOVE YOU)
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SEC JPMorgan Chase Investigation: Agency Looking At 'Appropriateness And Completeness' Of Financial Reporting
Reuters | Posted: 05/22/2012 10:36 am Updated: 05/22/2012 11:15 am
WASHINGTON, May 22 (Reuters) - The U.S. Securities and Exchange Commission will look into the "appropriateness and completeness" of JPMorgan Chase & Co's financial reporting following the bank's recent disclosure of large trading losses, SEC Chairman Mary Schapiro told the Senate Banking Committee on Tuesday.
Earlier this month JPMorgan announced it had suffered at least $2 billion in losses, a figure that is expected to grow, after a series of trades that the bank says were intended to hedge risk went awry.
