For $13 billion, JPMorgan Chase & Co. this year inked the largest-ever government settlement with a single company — and enforcers are not done yet as they eye holding big banks accountable for financial industry violations. “The size and scope of this resolution should send a clear signal that the Justice Department’s financial fraud investigations are far from over,” Attorney General Eric Holder Jr. said.
The U.S. Securities and Exchange Commission isn’t ending the year on a high note, having lost three trials in two months — including the insider-trading case against billionaire Mark Cuban. “I said ‘Screw you SEC. I don’t care who you are,” Cuban told Jay Leno.
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