A Top London Banker at JPMorgan Chase Resigns
Just when I thought JPM was the only investment bank clear of conspiracy…
Ian Hannam, JPMorgan’s global chairman of equity capital markets, left the bank after British financial regulators fined him for disclosing inside information.
The e-mails contained information on Heritage Oil, a British oil and natural gas exploration company, for which Mr. Hannam was lead adviser, according to a statement from the Financial Services Authority of Britain.
The regulator fined Mr. Hannam £450,000, or $721,000, for the offenses.
Questions:
1. Do you think this one of many legal cases to come? Will others try this?
2. Do you think the fine is a fair punishment?
Here’s the article: http://dealbook.nytimes.com/2012/04/03/a-top-londo...





Nothing unusual here. I don't
Nothing unusual here. I don't think this marks the start of some new wave of investigations and crackdowns. Some guys get caught and some don't, while the majority never perform any illegal acts at all. I would think it's just business as usual for the regulators.
Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
I only post articles that are
I only post articles that are on dealbook/efinancialcareers because a lot of them are open to opinions and interesting for discussion. Will make sure I don't post from efinancialcareers now. Thanks!