Relevant:
- Whale of a Problem: Regulators Subvert Will of Congress
- Dimon Gives Regulators New Ammunition for Tougher Volcker Rule
- Dodd-Frank prompts banks to shed prop units, hedge fund teams
- JPMorgan Faulted on Controls and Disclosure in Trading Loss - Senate Report
- Senate JPMorgan Probe Said to Seek Tougher Volcker Rule
2012-12-12 — bloomberg.com
The Securities and Exchange Commission asked Chief Financial Officer Douglas Braunstein to provide information about the bank's so-called principal transactions revenue and proprietary trading, according to letters between the agency and the company from June 15 of last year through Feb. 17 that were made public yesterday. Proprietary trading, in which banks make bets with their own money, would be restricted under a Dodd- Frank Act provision known as the Volcker rule.
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