United Kingdom Watchdog Fines PWC 1.4 million pound sterling for Slipshod Audit of JP Morgan

A U.K. disciplinary board has hit auditor PricewaterhouseCoopers LLP with a record fine of £1.4 million ($2.2 million) for wrongly telling British financial regulators that the securities wing of JPMorgan Chase & Co. was properly handling its clients' money, regulators announced Thursday.

http://www.law360.com/topnews/articles/297827/uk-watchdog-fines-pwc-1-4-for-shoddy-jpmorgan-audit