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News Link • Economy - International

How Much Does It Cost To Keep JPMorgan FX-Riggers Out Of Jail?

• http://www.zerohedge.com, by Tyler Durden

Another day, another major bank adjust its reported data based on 'all-new' information about regulatory probes over its market manipulation. Last week was Citi, this week it's JPMorgan... with a double-whammy:

First, The SEC sanctioned 13 firms - including JPMorgan - for violating a rule primarily designed to protect retail investors in the municipal securities market in the sale of Puerto Rico bonds earlier this year...

*SEC SANCTIONS 13 FIRMS FOR SALES OF PUERTO RICO JUNK BONDS

*SEC INSTITUTES PROCEEDINGS VS JPMORGAN,INVESTMENT PROFESSIONALS

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