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JPMorgan Fined For Systems and Controls Failings

Pointing The Finger

The Financial Conduct Authority (FCA) has fined J.P. Morgan International Bank Limited (JPMIB) £3,076,200 for systems and controls failings relating to its provision of retail investment advice and portfolio investment services.

Morgan Stanley Fixed-Income Veteran Leaves

Morgan Stanley HQ

Ken deRegt, a Morgan Stanley veteran called on to revamp risk-management and the fixed-income trading business after returning in February 2008, is leaving again to join investment firm Canarsie Capital Group.