JPMorgan Chase & Co

NYSE:JPMUnited States

By Spencer Jakab

What do you get the man who has everything? A cherry on top of his résumé, plus a juicy bonus courtesy of American taxpayers.

There is a long history of wealthy people moving from business to the halls of power in Washington, and sometimes back again. It wasn't always done out of the goodness of their hearts, which led to the gradual introduction of rules meant to prevent conflicts of interest. But the combination of how people become rich these days and the specifics of those rules could bring their own problems.

05:37 AM EDT, 11/01/2024 (MT Newswires) -- JPMorgan Chase (JPM) securities and investment management affiliates have agreed to pay $151 million in penalties to settle five US Securities and Exchange Commission charges of misleading investors, breach...