Jpmorgan chase disclosed mortgage criminal probe

NEW YORK (TheStreet) -- jpmorgan chase (JPM) disclosure _ day (Wednesday) is facing a criminal investigation by the justice department, the authorities to investigate the company's sales between 2005 and 2007 of mortgage-backed securities (MBS). With the securities and exchange commission (SEC), the results show that in the first quarter, jpmorgan chase revealed that the U.S. attorney's office in the east area of California civil and criminal trial looking for MBS products to the front of the crisis. Although the criminal investigation is under way, jpmorgan chase, said the civil authorities as Banks had broken securities laws. "In May 2013, the company received notice, from civil law branch, points out that it has A preliminary conclusion, and secondary and Alt - A residential mortgage-backed securities issuance, during the period of 2005 to 2007, the company in violation of A number of federal securities laws, jp Morgan said:" in A 10 q in the United States securities and exchange commission (SEC) for the record.

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