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JPMorgan executives won't be charged in securities sale probes - WSJ
Nov 12th 2012, 06:31

(Reuters) - The U.S. Securities and Exchange Commission (SEC) does not intend to charge any JPMorgan Chase & Co executives in two investigations relating to the allegedly fraudulent sale of mortgage-backed securities, the Wall Street Journal reported. Last week, JPMorgan said it reached an agreement in principle with the SEC to resolve the probes. The bank will pay a penalty under the settlement, according to the WSJ, citing people close to the probes. The payment is expected to be less than the $550 million paid by Goldman Sachs Group Inc in 2010 to settle claims by the SEC that it misled investors in a type of mortgage bond deal, the WSJ said. Goldman did not admit or deny any wrongdoing....

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