SEC OPENS INVESTIGATION INTO JP MORGAN’S 2 BILLION DOLLAR LOSS

The SEC has opened a preliminary investigation into the accounting practices of JP Morgan as well as into the company’s public disclosures about their trading, according to an article in the New York Times.

According to the article, JP Morgan’s revised value-at-risk measure could be a focus of the investigation. The company disclosed earlier this year that it changed the way it calculates the metric. A JP Morgan representative stated on May 10th that they had gone back to using the old way of measuring value-at-risk. However, their updated metric could have been responsible for masking or covering some of the risk within their trades.

JP Morgan has not been accused of any wrongdoing at this point as the investigation is still in a very early stage.

If you or someone you know has lost money through JP Morgan investments, please contact Richard Frankowski at 205-747-1903 to discuss your potential legal remedies.

Name*
First Last
Phone Number*
Email*
Are you inquiring about a new matter?*
- Yes
- No
How can we help you?*
CAPTCHA

Fill Out The Form To Receive A Free Confidential Consultation

Consultation

The recoveries, verdicts, favorable outcomes, and testimonials described on this site are not an indication of future results. Every case is different, and regardless of what friends, family, or other individuals may say about what a case is worth, each case must be evaluated on its own facts and circumstances as they apply to the law. The valuation of a case depends on facts, the damages, the jurisdiction, the venue, the witnesses, the parties, and the testimony, among many other factors. No representation is made that the quality of the legal services performed is greater than the quality of the legal services performed by other lawyers.

Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. He is not licensed in any other state including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico New York, North Carolina, Tennessee, Texas.