JPMorgan Chase Apologizes For Submitting Inaccurate Information About California Energy Trading

JPMorgan Chase Apologizes For Submitting Inaccurate Information About California Energy Trading | dbpix-chase-a1-tmagArticle | Banks Corporate Takeover Economy Economy & Business News Articles US News JPMorgan Chase & Co. apologized to federal regulators for submitting inaccurate information in an investigation into the investment bank’s electricity trading in California.

Morgan, which has been threatened with having its trading privileges in California revoked, apologized to the Federal Energy Regulatory Commission in a lengthy filing.

Morgan said the inaccurate information was the result of “unintentional, good-faith mistakes, misunderstandings and miscommunications.” It said the mistakes have been cleared up and don’t justify revoking the company’s trading rights in California.

FERC has threatened to ban Morgan from selling electricity in California at market rates after it “submitted misleading information” to the agency and the California Independent System Operator. The ISO runs California’s electricity grid.

FERC, acting on a complaint from the ISO, has been investigating allegations that Morgan extracted tens of millions of dollars in excess profits through manipulative trading practices. The company has denied any wrongdoing.

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Read more here: http://www.sacbee.com/2012/10/18/4921789/jpmorgan-chase-apologizes-for.html#storylink=cpy
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Wendy Blanks is an independent researcher, journalist and activist. She is the Founder of TruWire Productions, LLC., and the Owner/Chief Editor for The Sleuth Journal. She has done investigative research in multiple fields and has a passion for sharing true news on various topics such as government corruption, natural health, human rights, globalism and other important issues that plague our society. Thankfully, we live in the age of information and sharing knowledge has become easier than ever. She has a deep desire to expose the truth in propagated information that is spewed from corporate/mainstream media. True journalism has been dead for some time and it is her goal to revive it. The Sleuth Journal streamlines groups of like-minded individuals and organizations to create a massive knowledge base for a ‘conscious awakening’ of what is really going on in today’s oligarchy pyramid that we call ‘society’. So many people are zombies by media, television and other means of mass brainwashing and we need to reverse the effects and give people back their minds, and in return, their power and will to change and challenge the system. Like The Sleuth Journal on Facebook. Follow The Sleuth Journal on Twitter. Join The Sleuth Journal group on Linkedin. Be sure to visit Drone Patrol to view and report drone sightings.

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