JP Morgan Bans Multi-Dealer Online Chat Rooms - Reuters
JP Morgan Chase & Co. (JPM) is banning the use of multi-dealer online chat rooms and staff use of such chat rooms for social purposes, Reuters reported Tuesday, citing a person familiar with the matter.
Chat rooms have come under regulatory scrutiny in investigations of manipulation of benchmark interest rates and possible rigging in the forex market. However, JP Morgan's decision had been under consideration since earlier this year, the source said, and was not related to the forex probes which first surfaced in June.
The ban comes into force later this week, the report said. JP Morgan declined comment to Reuters.
Full story at http://www.reuters.com/article/2013/12/17/us-jpmorgan-chatrooms-idUSBRE9BG0H420131217?feedType= RSS&feedName=businessNews
Write to email@example.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires 12-17-130711ET Copyright (c) 2013 Dow Jones & Company, Inc.