Page Perry

More bad news for J.P. Morgan Chase ? regulators in Japan have found that a Japanese employee of JP Morgan was involved in insider trading in connection with a share offering by Nippon Sheet Glass Co. The employee, who was not identified, reportedly leaked inside information to people at Asuka Asset Management. This latest revelation comes less than 3 weeks after J.P. Morgan disclosed losses of more than $3 billion by its “gunslinger” traders in London. “JPMorgan Employee Said to be Linked to Insider Trading,” Bloomberg.