SEC Charges JPMorgan Unit With 'Unregistered' Trading
By Al Barbarino ( June 29, 2021, 5:31 PM EDT) -- The U.S. Securities and Exchange Commission charged and fined JPMorgan Chase & Co. subsidiary and trading platform Neovest Inc. $2.75 million on Tuesday for allegedly operating as an unregistered broker-dealer for nearly 12 years, a move that drew a dissent from one SEC commissioner who says the agency misapplied the definition of a broker. ...
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