Comment on JPMorgan Chase loss will be scrutinized, SEC's Mary Schapiro says

JPMorgan Chase loss will be scrutinized, SEC's Mary Schapiro says

WASHINGTON -- Regulators are looking into the $2-billion trading loss by JPMorgan Chase & Co., the head of the Securities and Exchange Commission said Friday as lawmakers and analysts said the bank's revelation would increase pressure for tighter financial rules.

 

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