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JPMorgan Securities to Settle Fraud Charges

by Jim Zarroli, NPR
June 22, 2011

J.P. Morgan Chase will pay more than $150 million to settle charges the firm misled investors about the riskiness of the mortgage backed securities that it was selling. The Securities and Exchange Commission says J.P Morgan Securities designed the packages to do poorly and then hid that fact from investors. The company neither confirms nor denies the allegations.

Broadcast Dates

  • Morning Edition, June 22, 2011
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