How the SEC Could Pursue a Case Against JPMorgan

JPMorgan Chase's failure to timely disclose a major change in how it measured risk could become the centerpiece for an enforcement action by U.S. securities regulators as they probe the bank in connection ...

WASHINGTON/NEW YORK (Reuters) - JPMorgan Chase's failure to timely disclose a major change in how it measured risk could become the centerpiece for an enforcement action by U.S. securities regulators as they probe the bank in connection with its multibillion dollar trading loss. By omitting the change from its earnings release in April, the bank disguised a spike in the riskiness of a particular trading portfolio by cutting in half its value-at-risk number. ...

Now that President Obama has officially nominated Mary Jo White to head the SEC, it's time to find out what kind of Chairwoman she'll be. Wall Street, take note.

The Senate Banking committee held a confirmation hearing for two agencies — the SEC and the Consumer Financial Protection Bureau — this morning, and as you may have guessed, the standout cross-examination was from Elizabeth Warren.

Moody’s stock is plunging today as it discloses that it’s in trouble with the SEC:

One year after the infamous Jamie Dimon "tempest in a teapot" fiasco, which promptly turned out to be the biggest TBTF prop-trading desk debacle in history, things were going well for JPMorgan.

(Reuters) - A U.S.