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SEC Wants Heads to Roll: This Could Boost Investor Confidence, Says Neil Irwin


The line between risk-taking and following the rules on Wall Street has always been fuzzy.

Maybe it can be broken down into a financial equation: profits versus fines. Of course that's oversimplifying it. But it's worth revisiting now that the Securities and Exchange Commission has levied a fine of almost a billion dollars against JPMorgan (JPM) for the bank's conduct in the "London Whale" debacle