J.P. Morgan Under Investigation for Unsuitable Hedge Fund Recommendations

Posted on September 23rd, 2015 at 10:12 AM
J.P. Morgan Under Investigation for Unsuitable Hedge Fund Recommendations

From the Desk of Jim Eccleston at Eccleston Law LLC:

J.P. Morgan currently is under investigation by the CFTC and the SEC for allegedly steering its private banking clients into its own hedge funds.

According to the investigation, J.P. Morgan directed a high proportion of its private-bank assets into Highbridge Capital Management LLC, an investment firm of J.P. Morgan, which helped stabilize the a hedge fund run by Highbridge during the financial crisis.

Regulators are investigating whether JP Morgan made proper disclosures.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, J.P. Morgan, SEC, CFTC,

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