Timing Will Be Everything For JPMorgan As Probes Begin

Law360, New York (May 11, 2012, 8:45 PM EDT) -- As securities regulators in the U.S. and U.K. reportedly investigate the $2 billion trading loss JPMorgan Chase & Co. disclosed Thursday, the potential for regulatory action will be closely tied to the timing of the bank's admissions that its investments were in trouble and whether it tried to downplay its risks, experts say.

In a hastily arranged call with stock analysts Thursday evening, JPMorgan CEO Jamie Dimon revealed that his chief investment office had lost more than $2 billion over the past six weeks, losses he...
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