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If you were profiting from from private messaging, it would either be at the expense of your employer or your client. Even if the second case, JP Morgan is taki
by Aunche 5y ago
If you were profiting from from private messaging, it would either be at the expense of your employer or your client. Even if the second case, JP Morgan is taking on reputational risk, so at the very least they wouldn't encourage it.
- dundarious 5y agoJP Morgan is _notorious_ for profiting at the expense of their clients, even to the extent of calling clients names in internal communications when they're selling them "solid investments" that they know are junk. They've been charged with 5 felonies in the last 7 years or so, always with deferred prosecution agreements and multi-year probation, but enforcement is still rather weak, considering the net profit they've been able to achieve from those actions. And I don't think it's unreasonable to assume that is only the tip of the iceberg. It's a large organization, sure, but at this point one has to ask just how much they "wouldn't encourage it" or how much do they actually institutionally discourage it.