The SEC is investigating whether the investment bank hired the children of high-ranking Chinese officials in exchange for business.
August 21, 2013 at 05:36 AM
1 minute read
The original version of this story was published on The American Lawyer
Paul, Weiss, Rifkind, Wharton & Garrison is advising JPMorgan Chase on a U.S. Securities and Exchange Commission probe into the bank’s motivations for hiring the children of top-ranking Chinese officials in Hong Kong, the Financial Times has reported.
The FT report cited unnamed sources familiar with the matter. A Paul Weiss spokesman in Hong Kong declined to comment.
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