Bove: Feds Could Be Guilty Of Entrapping JPMorgan

JPMorgan Chase & Co. (NYSE:JPM)’s $13 billion settlement with the Securities Exchange Commission has impressed some people who want to see regulators get serious with misconduct. Richard Bove, Vice President of Equity Research at Rafferty Capital Markets, LLC, has serious issues with the deal, as he explained in a pair of recent notes.

JPMorgan’s lawyers would have missed this angle

Most interesting is the idea that the Federal government could be the ones committing a crime. “A past Federal prosecutor, for whom I have great respect, has indicated...