JPMorgan Chase Research Paper Example | Topics and Well Written Essays - 750 words

JPMorgan quest - Research Paper Example1. Discussion on How Administrative Agencies Like The Securities And Exchange Commission (SEC) Or The Commodities Futures merchandise Commission (CFTC) Take Action In Order To Be effective in preventing high-risk gambles in securities / banking, a foundation of the economyIn the modern day context, financial sector forms a major part in the economic system of any country, irrespective of its global positioning. The fact kitty also be observed evidently even in the case of the US, which faced massive ferment due to the downfall of JPMorgan Chase, a large financial services firm supposedly considered to a anchor of the US economy. In order to maintain legitimacy in these firms, the US government has been making attempts to see the financial dealings and the transp arncy of these organizations through the imposition of various policy measures. Correspondingly, many governmental bodies excite been set-up, which are solely responsible to moni tor the activities of the US financial system. For instance, the administrate agency, Commodities Futures Trading Commission (CFTC) helps in regulating the trading of options and futures as well as the banking sector. The CFTC, in order to prevent the high risks in securities or banking sectors, has been involved in implementing effective programs to trace and take actions against unethical behavior in the product line process. Therefore, it protects the economy from many types of frauds related to commodity market, foreign currency trading, commodity pool participants and brokers activities (U.S. Commodity Futures Trading Commission, n.d).The important elements, which are required to form a valid contract, usually involve an offer with a legal purpose by the offeror, free consent of the offeree, acceptance, consideration, competent parties, mutuality of obligation (Texas.gov, n.d.). Today, in the US, the customers are considered as a valuable asset for the banks