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JPMorgan Clients Say Circuits Are Split On SLUSA Standards

Law360, New York (September 11, 2017, 8:05 PM EDT) -- A proposed class of JPMorgan Chase & Co. customers asking the U.S. Supreme Court to reinstate its case against the bank for allegedly steering the clients into high-fee investments has accused the bank of downplaying a circuit split on the demands of the Securities Litigation Uniform Standards Act.

Plaintiffs led by Patricia Holtz claim the bank violated its commitments to its clients to choose the best investment options and instead pushed them toward its own funds, punishing advisers for failing to meet quotas and rewarding them...
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