JP Morgan Securities receives record fine

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JP Morgan Securities receives record fine

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06-03-2010, 08:35 PM

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JP Morgan Securities receives record fine

A record fine for JP Morgan Securities has been imposed by the Financial Services Authority (FSA) for failing to protect client money over a period that spanned almost seven years.The largest ever fine of £33.32 million ($48.2 million) would have actually been £47.6 million but the firm agreed to co-operate during the investigation, thereby receiving [...]

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