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Probe on hiring practices goes beyond JPMorgan

For Hire

U.S. authorities are seeking information from several banks and hedge funds on their hiring practices, focusing on the hiring of relatives of well-connected foreign officials with the intent of winning business, the Wall Street Journal reported, citing people with knowledge of the situation.



SEC Building

SEC charges UBS Puerto Rico

The Securities and Exchange Commission has charged UBS Financial Services of Puerto Rico and a former branch manager for failing to supervise a former broker who had customers invest in UBSPR affiliated mutual funds using money borrowed from a UBSPR affiliated bank.