Justice Department investigates JPMorgan regarding MBS

JPMorgan Chase, in a quarterly filing with the SEC, said the U.S. Justice Department is conducting parallel criminal and civil investigations regarding the bank’s sales of mortgage-backed securities. The filing said that, in May, the Justice Department’s civil division reached a preliminary conclusion that JPMorgan broke securities laws in offerings of subprime and Alt-A residential mortgage securities from 2005 to 2007.

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