Ex-JPMorgan VP Gets No Prison, No Fines For Bid-Rigging

Law360, Los Angeles (December 18, 2013, 7:16 PM EST) -- A New York federal judge gave a former JPMorgan Chase & Co. vice president no prison time, no probation and no fines Wednesday, after he pled guilty to and assisted in the investigation of bid-rigging in the municipal bond derivatives market.

Hertz was the first JPMorgan employee to assist in the investigation, his attorney wrote in his Dec. 10 sentencing statement. Hertz cooperated with the U.S. Securities and Exchange Commission and other federal agencies, ultimately aiding them in netting $674 million in settlements from the banks...
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