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SEC reviews JPMorgan filings prior to $2b trading loss

By Marcy Grodon

 |  Associated Press  

  May 23, 2012

Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss. Mary Schapiro, chairman of the Securities and Exchange Commission, told the Senate Banking Committee Tuesday that the agency is examining JPMorgan’s earnings statements and first-quarter financial reports to determine if they were ‘‘accurate and truthful.’’

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