HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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hgs225

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UK gives JP Morgan record fine

posted on Jun 03, 2010 05:31PM

By The Associated Press, thecanadianpress.com, Updated: June 3, 2010 5:43 AM

UK regulator gives JP Morgan record fine

LONDON- Britain's financial services watchdog has fined J.P. MorganSecurities Ltd. 33.32 million pounds (US$49 million) for mishandlingclients' funds.

The fine announced Thursday is the largest penalty ever handed out by the Financial Services Authority.

Theregulator says J.P. Morgan failed to segregate the client money held byits futures and options business for more than six years.

Underthe FSA's client money rules, firms are required to keep client moneyseparate from the firm's money in segregated accounts with trust statusto protect the client funds if the firm goes bankrupt.

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