Justice Department taking larger role on SEC’s turf – The Washington Post

The Justice Department has aggressively tackled financial misconduct in two recent high-profile cases, the type typically handled by the Securities and Exchange Commission.

This week, Justice exacted a record $13 billion settlement with JPMorgan Chase to resolve allegations that the bank knowingly sold faulty mortgage securities. Earlier this year, it slapped Standard & Poor’s with a lawsuit that accused the firm of defrauding investors by issuing stellar ratings on shoddy securities.

via Justice Department taking larger role on SEC’s turf – The Washington Post