JPMorgan Executive May Escape Penalty - NYTimes.com
Even as the nation’s top energy regulator is poised to extract a record settlement from JPMorgan Chase
over accusations that it manipulated power markets, the agency is
expected to spare a top bank lieutenant who federal investigators
initially contended made “false and misleading statements under oath,”
according to people briefed on the matter.
Blythe Masters, a seminal Wall Street figure who is known for
developing exotic financial instruments, emerged this spring at the
center of an investigation by the Federal Energy Regulatory Commission into accusations of illegal trading in the California and Michigan electricity markets.
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