J.P. Morgan Chase put allegations of currency-fixing largely behind it with a guilty plea, but it's not out of the woods yet.

With its new felony record, America's biggest bank needs to seek the Department of Labor's permission to keep managing money in the $8 trillion private pension market. At the same time, there's a cloud over the J.P. Morgan unit where pensions are managed: The SEC is well along in an investigation into conflicts of interest in the bank's wealth-management unit, whose products include individual retirement accounts.

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