SEC and JPMorgan in talks to settle probe regarding product steering: WSJ

(Reuters) - JPMorgan Chase & Co is in talks with the U.S. Securities and Exchange Commission to settle a probe by the agency on whether the bank inappropriately advised its private-banking clients toward its own investment products, the Wall Street Journal reported, citing people familiar with the matter. A settlement may come as early as this summer and could include a fine, the size of which was not known, WSJ said, citing people familiar with the matter. JPMorgan Chase & Co disclosed