JPMorgan Chase Settles Bond-Rigging Case for $228 Million


The SEC got Jamie’s big bank to pay $51.2 million to municipalities affected by an alleged bond fraud (in which Morgan allegedly got illegal early peeks at other people’s bond-contract bids from 1997 to 2005) and $177 million more to settle similar charges. As usual, the bank neither confirmed nor denied the charges. [NYP]