JPMorgan: We're Being Investigated By The DOJ »

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(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Wednesday it is being investigated by criminal and civil divisions of the U.S. Department of Justice over offerings of mortgage-backed securities. The civil division gave the company a notice in May that it had preliminarily concluded that the firm violated federal securities laws in offerings of subprime and Alt-A residential mortgage securities during 2005 to 2007, JPMorgan said. Source Main page (current trends)

More about: civil division, federal securities laws, jpmorgan, JPMorgan Chase & Co, mortgage-backed securities, U.S. Department of Justice

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