(Bloomberg) -- JPMorgan Chase said authorities are examining what its wealth management businesses and private bank told customers when selling them the companys 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.
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