More regulatory heat for JPMorgan

The New York Times Dealb%k reports JPMorgan is in trouble with regulators again.

Read: JPMorgan advisors told to follow script, or leave

“Government investigators have found that JPMorgan Chase devised ‘manipulative schemes’ that transformed ‘money-losing power plants into powerful profit centers,’ and that one of its most senior executives gave ‘false and misleading statements’ under oath,” the report says.

Read the rest here.

Also read:

JPMorgan’s net income soars on spending cuts

Portugal hauling banks to court over derivatives trades

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The staff of Advisor.ca have been covering news for financial advisors since 1998.