With all the great news lately (sarcasm intentional) regarding Wells Fargo and its’ commission driven illegal creation of client accounts and credit cards, dubious sales practices, and whistle blower retaliation, it is no surprise that Wells is no longer the US largest bank by market capitalization (the stock has dropped – apparently people don’t like to worry that their BANK is forging/creating documents in their name without their consent).  JP Morgan has taken the top spot again, prompting me to refocus people’s attention on the fact that JP Morgan ALSO has had its’ ethical challenges. Link to the article is below.

JPMorgan Chase will pay more than $300 million to settle U.S. allegations that it didn’t properly inform clients about reported conflicts of interest in how it managed customers’ money over a half decade.

This website commentary reflects the personal opinions and analyses of Gainplan LLC employees. It does not describe Gainplan LLC’s advisory services or client investment performance. Views in the commentary may change anytime without notice. Nothing here constitutes investment advice, performance data, or recommendations for specific securities, transactions, or strategies. Mentioning a security or its performance is not a buy or sell recommendation. Gainplan LLC uses various investment strategies, not all discussed here. Investing in securities carries risks, including loss. Past performance does not guarantee future results.

Gainplan LLC provides links to third-party websites for convenience. Clicking these links leaves our website. Gainplan LLC is not responsible for errors, omissions, or content on third-party sites and does not necessarily endorse their information. Users accessing these sites must follow their terms and assume all risks.