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JP Morgan Increases Litigation Reserves

According to The Wall Street Journal, "J.P. Morgan faces six separate investigations from the U.S. Justice Department..." JP Morgan recently made an announcement about one of these investigations and increased its litigation reserves. One of the investigations centered around allegations that JP Morgan concealed facts regarding the actual financial condition and risks associated with mortgage backed securities. The criminal investigation is still in the preliminary stages.

If you have lost money as a result of the purchase of mortgage backed securities or believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.

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