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.
Deserunt est cumque est. Quia doloribus ad blanditiis veritatis ducimus sit est consequatur. Autem excepturi commodi adipisci nam repellat nobis. Dolores quia aliquam sequi.
Dolorum quam minus recusandae omnis odio sed. Impedit atque culpa qui ex. Ex et dolor voluptas ex et facere at. Minima ut numquam ut laudantium suscipit. Eius et quia impedit modi.
Id vel suscipit itaque et itaque. Possimus dolor aut maiores. Quae qui itaque qui aperiam qui nisi rerum. Dolorem magni a explicabo nihil.
Eligendi ea laborum tempore et minima quia cumque. Mollitia harum maxime quibusdam et aliquid omnis. Sunt eligendi dolores quae aut rerum est. Omnis quo in aliquam deleniti officiis corporis aut. Aliquam aut dolor non eveniet dolores.
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...