NEW YORK, Sept. 22, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally acknowledged shareholder rights regulation agency, is investigating potential claims in opposition to JPMorgan Chase & Co. (NYSE: JPM), Bank of America Company (NYSE: BAC), and Citigroup, Inc. (NYSE: C) on behalf of traders. Our investigation considerations whether or not these corporations have violated the federal securities legal guidelines and/or engaged in different illegal enterprise practices. Further details about every case may be discovered on the hyperlink offered.
On September 20, 2020, BuzzFeed Information and the Worldwide Consortium of Investigative Journalists (ICIJ) revealed the FinCEN Recordsdata, a complete investigation of worldwide monetary establishments involving “more than 400 reporters in 88 countries” and “twenty-two thousand pages of never-before-released government documents.” The FinCEN Recordsdata investigation purportedly “reveal[s] how some of the world’s biggest banks have facilitated the work of notorious terrorists, drug cartels, and despots” and facilities round greater than 2,100 suspicious exercise stories (“SARs”) submitted to the US Treasury Division’s Monetary Crimes Enforcement Community (“FinCEN”). Banks and different monetary establishments submit SARs once they observe transactions that counsel cash laundering or different criminality, and whereas these stories can help investigations and intelligence gathering, they don’t seem to be by themselves proof of against the law. The FinCen Recordsdata included SARs filed by almost 90 monetary establishments.
JPMorgan Chase & Co., Bank of America Company, and Citigroup, Inc. are amongst a number of monetary establishments that Buzzfeed Information claims “collectively processed millions of dollars in transactions for the family of Viktor Khrapunov, the former mayor of Kazakhstan’s most populous city, even after Interpol issued a Red Notice for his arrest. Khrapunov, who had already fled to Switzerland and who claims the allegations are politically motivated, was later convicted in absentia on charges that included bribe-taking and defrauding the city through the sale of public property.”
Primarily based on the above information, on September 21, 2020, shares of JPMorgan fell $3.04 per share, to shut at $95.31 per share, shares of Bank of America fell $0.74 per share, to shut at $24.47 per share, and shares of Citigroup fell $0.93 per share, to shut at $43.92 per share.
For extra data on our investigation into JPMorgan go to: https://bespc.com/JPM
For extra data on our investigation into Bank of America go to: https://bespc.com/BAC
Fore extra data on our investigation into Citigroup go to: https://bespc.com/C
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally acknowledged regulation agency with places of work in New York and California. The agency represents particular person and institutional traders in business, securities, spinoff, and different complicated litigation in state and federal courts throughout the nation. For extra details about the agency, please go to www.bespc.com. Lawyer promoting. Prior outcomes don’t assure related outcomes.
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.