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JPMorgan settles charges over broker compensation

SEC Building

The Securities and Exchange Commission has announced that J.P. Morgan’s brokerage business agreed to pay $4m to settle charges that it falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ performance; no one is paid on commission.”

World Bank issues 'perfect storm' warning for 2016


The risk of the global economy being battered by a “perfect storm” in 2016 has been highlighted by the World Bank in a flagship report that warns that a synchronised slowdown in the biggest emerging markets could be intensified by a fresh bout of financial turmoil.