JPMorgan Rainmaker Fined For Disclosing Private Info

Law360, New York (April 3, 2012, 6:24 PM EDT) -- The U.K.'s financial regulator on Tuesday fined a senior banker at JPMorgan Chase & Co. £450,000 ($721,000) for sharing confidential information with a prospective client, a bold action that comes on the heels of a string of insider trading cases lodged by the agency.

Ian Hannam, a well respected London banker and former British special forces soldier, resigned from his position as chairman of capital markets at JPMorgan Cazenove, the U.K. arm of the U.S. banking group, after the Financial Services Authority said it was fining...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.