Jefferson's Wall

Article: Whistleblower exposes insider trading program at JP Morgan

posted Saturday, 22 March 2008

We the people just put up $30 billion dollars to help J.P. Morgan acquire Bear Stearns in what appears to be a sweetheart deal for Morgan-- meanwhile, with little or no media fanfare, this little tidbit about that bank's ethical conduct also surfaced--from WikiLeaks: "A confidential memo obtained by Wikileaks shows that not only has the U.S. Securities and Exchange Commission created an insider trading loophole big enough to drive a truck through (SEC Rule 10b5-1), but that Wall Street is taking full advantage of it, establishing 'how-to' programs and even client service divisions to help well-heeled clients circumvent insider trading regulations..." 

Read entire article on WikiLeaks>> JP Morgan insider Training Exposed 

 

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