It is reported that JPMorgan Chase is under investigation by the United States for its business dealings in Iran
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The U.S. Treasury is investigating JPMorgan Chase's relationship with a hedge fund suspected of being linked to Iranian oil trader Hossein Shamkhani. The investigation primarily focuses on JPMorgan's compliance when accepting Ocean Leonid Investments Ltd. as a client. Although the hedge fund has been halted in the Dubai International Financial Centre, JPMorgan is not required to drop the client. The Federal Reserve is also investigating Shamkhani's network's financial exposure in the West. On Friday, pre-market trading showed little change in JPMorgan's stock price
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