(Bloomberg) -- JPMorgan Chase said authorities are examining what its wealth management businesses and private bank told customers when selling them the company’s own investment products and enlisting hedge funds.

The firm, in a regulatory filing Monday, disclosed more detail about inquiries and subpoenas from the U.S. Securities and Exchange Commission and other government authorities looking at how the company steers clients into investments. JPMorgan had said in May that regulators were examining sales of its own investment products, such as mutual funds.

On Monday, JPMorgan said authorities have asked about how it disclosed conflicts during those sales, and what its private bank told clients about the use of hedge funds that paid placement-agent fees to the firm’s broker-dealer affiliates. It didn’t elaborate. Placement agents typically help asset managers such as hedge funds win mandates to oversee money for big investors.

“The firm is responding to and cooperating with the relevant authorities,” JPMorgan said.

The SEC has been looking into whether parts of the bank adopted a strategy that uses bonuses and other incentives to encourage its financial advisers to steer clients improperly into in-house funds, structured notes and other investments that generate fees for the bank, people familiar with the matter have said.

Darin Oduyoye, a spokesman for New York-based JPMorgan, didn’t immediately respond to messages seeking comment on Monday’s disclosure.

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