JPMorgan Chase Faces FBI Probe; Shareholder Meeting Goes Well, However

By: Tuesday May 15, 2012 11:44 am

The Justice Department and the FBI have now joined the fray in investigating JPMorgan Chase and its Fail Whale trade that has so far cost the firm $2 billion. The report added that “it isn’t clear what possible legal violation federal investigators may be focusing on,” and I can’t add any insight into that. The [...]

Two-Tiered Justice: Financial Prosecutions at a 20-Year Low

By: Wednesday November 16, 2011 8:53 am

A new report finds that prosecution of financial fraud has fallen to a 20-year low. If you’re like me, you don’t believe that the financial industry stands at its cleanest point in the past 20 years. The federal government is on track to file just 1,365 prosecutions for financial institution fraud in fiscal year 2011, [...]

Senate Passes 1099 Repeal; Goes to the President for Signature

By: Tuesday April 5, 2011 11:02 am

The Senate, as expected, passed HR 4 today, the first revision to the Affordable Care Act, repealing a revenue-raising provision that would have required small businesses to report vendor purchases above $600. They paid for the measure with the House pay-for, which penalizes recipients of exchange subsidies who change jobs or increase their income in [...]

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