NEW YORK ( TheStreet) -- The departure of JPMorgan's (JPM) global head of proprietary trading, Mike Stewart, to start up a hedge fund seems to show that new banking regulations may not be toothless afterall.The Financial Times, which broke the story, described the exodus of Stewart and other members of his team as a setback for JPMorgan.
JPMorgan Defections Show Dodd-Frank Isn't Toothless - Today's Outrage
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.