Regulators are examining JPMorgan Chase's sales tactics, after claims that the nation's largest bank pushed its own mutual funds over competitors' investments, the New York Times' DealBook blog reported today. Authorities are responding to current and former JPMorgan financial advisers who said they had felt pressure to sell the bank's products even when cheaper or better performing options were available. Regulators, including the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Manhattan district attorney and officials in New Jersey and Delaware, have opened inquiries into JPMorgan's sales practices.
