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S&P warns exchanges-clean up your glitches or else

Red Warning Light

Standard & Poor's has just released a very interesting report with a pointed warning to all the stock exchanges in the U.S.: exchanges that have significantly more technical problems than others could lose market share as investors lose confidence in the exchange.

JPMorgan agrees to pay $200m and admits wrongdoing

A Billion Dollars

The Securities and Exchange Commission has charged JPMorgan Chase & Co. with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.