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JPMorgan Said to Face U.S. Mortgage Securities Charges
By Karen Gullo - Sep 23, 2013 12:34 PM PT

JPMorgan Chase & Co. will be charged by federal prosecutors in California in connection with sales of mortgage-backed securities, a person familiar with the matter said.
The bank said last month in a regulatory filing that the U.S. Attorney’s office in Sacramento had parallel civil and criminal investigations under way. Investigators have already concluded that it broke civil laws and were examining whether criminal laws were broken, according to the filing.

http://www.bloomberg.com/news/2013-09-23/jpmorgan-said-to-face-u-s-mortgage-securities-charges.html