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Shares of JPMorgan Chase
JPM are trading sharply lower following a wire by ProPublica stating the Securities and Exchange Commission is investigating whether JPMorgan Chase turned a blind eye to hedge fund who improperly selected assets in a 1.1bil$ deal backstopped with Subprime mortgages.
JPM
JPM shares are down .80% to the 37.33 level down 30c on the day.
More coming as the story develops.
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