Friday, January 6, 2012

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.


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