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Tag Archives: UIT

JPMorgan to pay $3.62 million fine

A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to unsophisticated customers who might not have been able to take on the risks. The Financial Industry Regulatory Authority said brokers at Chase Investment Services Corp recommended that customers with little investing experience and “conservative” risk tolerance ... Read More »