SEC opens bribery investigation into JPMorgan’s Chinese operations

The investigation reportedly concerns hiring officials’ children in exchange for contracts

Just one week after two employees were charged in the “London Whale” bank records scandal, JPMorgan Chase & Co. has run afoul of the U.S. government once again. This time, however, the company’s issues come from another continent.

The Securities and Exchange Commission has opened a bribery investigation into JPMorgan’s Chinese operations. Reportedly, the investigation centers on allegations the bank hired the children of high-ranking Chinese government officials to secure important contracts.

Assistant Editor

author image

Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.