NEW YORK ( TheStreet) -- The Securities and Exchange Commission is conducting a civil investigation into JPMorgan Chase's (JPM - Get Report) $2 billion derivatives loss, according to a New York Times report.The SEC has opened a "preliminary investigation" of the bank's accounting practices and disclosures around the losses announced after Thursday's market close. The regulator's New York office will run the probe and review JPMorgan's trades and statements from executives running up to the Thursday's bombshell announcement, according to the Times report, which cited unnamed sources.
JPMorgan Targeted by SEC Over Trading Losses
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