DOJ Pressed To Probe JPMorgan Market Manipulation Claims

Law360, New York (June 14, 2013, 3:16 PM EDT) -- With federal energy regulators already mulling a possible enforcement action against JPMorgan Chase & Co. over alleged electricity market manipulation in California and the Midwest, a group of 14 Democratic lawmakers representing California urged the U.S. Department of Justice on Thursday to launch its own investigation.

JPMorgan revealed last month that it had received a notice from the Federal Energy Regulatory Commission in March indicating that the commission's staff would recommend a possible enforcement action against the bank, its unit JPMorgan Ventures Energy Corp. and employees...
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