It’s been a rough week for the big banks, with U.S. presidential candidate Sen. Bernie Sanders declaring break-up jihad and the movie The Big Short continuing to show strong box office momentum. For JPMorgan Chase, in particular, it was difficult as the seemingly never-ending string of news that regulators were fining the bank for various transgressions appears to be culminating in a crescendo. Investors, who were promised such run-ins with the law would be ending, are left wondering when the fines that come out of their pockets will end. JPMorgan claims brokers compensated based on client performance, SEC says not so This…
JPMorgan Chase Fines Reach Crescendo As Bank Investors Pay
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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