SEC Chief Can't Escape Debevoise Past In JPMorgan Case

Law360, New York (August 9, 2013, 9:23 PM EDT) -- The U.S. Securities and Exchange Commission’s investigation of JPMorgan Chase & Co.’s $6 billion “London Whale” trading loss could make things awkward for Chairman Mary Jo White, who must recuse herself from the case even as she pushes the agency to require admissions of wrongdoing in settlements.

The SEC and JPMorgan are nearing a settlement in which the bank may be required to admit wrongdoing, The New York Times reported Thursday, citing people briefed on the case. That would mark a break with past SEC settlements...
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