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Gov't demands JPM admits 'wrongdoing'

Friday, 9 Aug 2013 | 4:32 PM ET

The SEC wants JPMorgan to admit to wrong doings related to last year's $6 billion London Whale trading losses, reports CNBC's Jackie DeAngelis; and is this the right instance for the SEC to be making a test case? Marc LoPresti, Tagliaferro & LoPresti; and Andrew Stoltmann, Stoltmann Law Offices, weigh in.