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The Legal Book

Guiding you through today's legal questions
In the modern world, there's a wealth of new laws and legal issues that we all need to
consider. From cyber crime to privacy protection and the storage of information, the
technological age has changed the face of the law and how we need it to work for us.
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JPMorgan Agrees to Pay $154 Million to Settle SEC Fraud Claims Over Failed CDO

JPMorgan has agreed to pay $153.6 million — including a $133 million penalty — to resolve allegations that it marketed an ill-fated collateralized debt obligation without disclosing the role of a hedge fund that was shorting assets in the CDO.

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