Bloomberg - JPMorgan traders exit could trigger inquiry

Wall Street regulators are said to be examining alleged policy breaches that prompted JPMorgan’s U.S. head of government-bond trading and another employee to leave the firm this year, according to a person briefed on the matter.

Bloomberg News reports that Andy Lombara and the other trader were “permitted to resign” in January after JPMorgan found they “did not adhere to certain control processes,” according to their public employment records at the Financial Industry Regulatory Authority, which oversees U.S. brokerages.

The Securities and Exchange Commission has opened a preliminary inquiry into the matter, the person said, asking not to be identified because the review is confidential.

To access the complete Bloomberg News article hit the link below:

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