JPMorgan says in talks to resolve SEC probe

By @ibtimes on

JPMorgan Chase & Co is in advanced discussions with the U.S. Securities and Exchange Commission to resolve a probe into its role in selling certain collateralized debt obligations, the bank said.

The bank made the statement in a quarterly filing with the SEC on Friday.

JPMorgan, the second-largest U.S. bank, previously said it had received a number of subpoenas and informal requests from federal and state authorities over CDOs and mortgage-backed securities.

(Reporting by David Henry; editing by John Wallace)

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