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JPMorgan Chase is pretty damned proud of its offerings—and justly, it would no doubt aver. And if it has to part with a few million bucks for saying so, so be it.
The regulator has been examining whether J.P. Morgan guided clients to its own so-called proprietary products and away from those offered by other firms. A settlement including a fine could happen as early as this summer, the people said, though the size couldn’t be determined.