Submitted by Tyler Durden on
07/03/2012 10:10 -0400
While the CIO was clearly not populated by the smartest guys in the room, it
appears the bank that just can't get a break has hit another snag as the Federal
Energy Regulatory Commission is probing them over 'bidding practices' and
abusive trading in California and Midwest energy markets. Via Bloomberg:

- *FERC PROBES POTENTIAL POWER-MARKET MANIPULATION BY JPMORGAN
- *FERC ASKS U.S. COURT TO ORDER JPMORGAN TO PRODUCE DOCUMENTS
- *FERC SAYS PROBE COVERS JPMORGAN'S `BIDDING PRACTICES' :JPM US
- *FERC SAYS CALIFORNIA, MIDWEST OPERATORS CITED ABUSIVE TRADING


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