is facing legal scrutiny again regarding how it sells its mutual funds.
that the SEC is reviewing whether there have been conflicts-of-interest when JP Morgan sold its proprietary funds to clients. The firm's private-banking arm is also under similar review according to the Wall Street Journal
Meanwhile, Christ Church Cathedral
in Indianapolis has filed suit against the bank on a similar issue, according to Bloomberg
This is not the first time JP Morgan
has faced scrutiny for the way it sells its own products to bank customers. At least one journalist has warned that such scrutiny could endanger
the bank's fund arm.
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