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JPMorgan Chase Hit With Multi-Million Dollar Fine For Shady Investment Advice
 

JPMorgan Chase Hit With Multi-Million Dollar Fine For Shady Investment Advice

JPMorgan Chase Hit With Multi-Million Dollar Fine For Shady Investment Advice JPMorgan Chase will pay $307 million in fines after admitting it didn't properly tell customers about conflicts of interest in how it managed their money. The bank pushed wealth management clients into its own mutual funds and hedge funds without telling them those funds had higher fees than competitors' offerings, the Securities and Exchange Commission said Friday. Those higher fees, of course, were reaped by the bank, rather than going to an outside company if JPMorgan had sent clients e... read more

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