Nasdaq Initiates Plan, JPMorgan Nears Resolution With SEC: Financial Business Update

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Nasdaq OMX Group (NASDAQ:NDAQ) plans to offer retail investors a discount on orders starting early next year, as part of an effort to slowly increase the pressure on wholesalers and regain market share from off-exchange venues. The Nasdaq program would be comparable to the program introduced by NYSE Euronext (NYSE:NYX) in August, which places discounts on stock orders by fractions of a cent.

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JPMorgan Chase & Co. (NYSE:JPM) is said to be near a resolution with the Securities and Exchange Commission through which to end a inquiry into mortgage bonds issued by the firm’s Bear Stearns business. No settlement in this matter is expected to exceed the $550 million that Goldman Sachs (NYSE:GS) paid in 2010 over CDOs. However, after a settlement on the bonds JPMorgan will have to face another investigation by the Commission into mortgage bonds, along with lawsuits from New York States and the Federal Housing Finance Agency.

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