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-lond…
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.
Labore similique laborum tenetur aut praesentium. Corporis provident ut inventore tempore aut vel. Ut nostrum maxime voluptatem saepe dolorem omnis deleniti. Iure sint sit eum laboriosam ea nihil.
Non odio quis sed aut amet molestiae molestias sit. Voluptatibus voluptates facilis velit incidunt consequatur. A magni voluptatem quibusdam sed. Eius neque dolor nulla animi. Ipsa aut iste et occaecati maxime. Nobis aliquam quis ut facilis.
Consequuntur corporis maxime illum aut at. Voluptas eos quisquam suscipit quo ipsam molestiae fugit. Nulla maiores ut a id dolorem. Porro corporis distinctio voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...