JPMorgan Chase Essay Example | Topics and Well Written Essays - 1250 words - 6

JPMorgan Chase - Essay ExampleIn the last section the screen will shed light on software automation in online banking transaction. According to Securities and Exchange relegating (2013), its purpose of existence is to protect the interest of investors, facilitate capital formation and maintain a unbiased and fare market. Research scholars such as Kamin and DeMarco (2010) and Hill (2010) have pointed out that SEC plays much bigger role in comparison to CFTC when it comes to saving the interest of investors. Hence in this essay, the researcher will but focus on control mechanism of SEC in order to discourage banks and financial institutions from involving in high risk gambles in primary market and securities. SEC has created two divisions such as divergence of Trading and Markets and Division of Investment counseling in order to create a fair a transparent market and protect interest of investors (Securities and Exchange Commission, 2013). ... mechanisms of Trading and Market Div ision and Investment Management Division of SEC to protect interest of investors can be summarized as, 1- incorporating financial integrity program to diminish conflict of interest between broker-dealers, 2- reviewing policies to identify and punish fraudulent activities of banks and other companies, 3- assisting the Commission to establish a fair security market and 4- monitoring the actions in commodity market, 5- reviewing the investment adviser filings and 6- assisting Commission to go for law enforcement against companies and banks falsifying the financial results (Securities and Exchange Commission, 2013). SEC has also investigative arm which conduct investigation on following charges Omission or misrepresentation financial results or crucial security info Manipulation of market prices of securities Defrauding customers fund Insider trading of market information On the al-Qaida of above mentioned guidelines, control measures and legal enforcement actions, SEC take actions in order to prevent high-risk gambles in securities in the field of banking operation and security exchange. Elements of contracts include various items such as, 1- An Offer- willingness of parities to enter into bargain, 2- An Acceptance- acceptance of checker mentioned in by both parties, Purpose- purpose of the contract must be legal, 4- Mutuality of Obligation- mutual agreement of the condition and obligation between parties, 5- Consideration- there must consideration of benefits among both promisor and promise and 6- deduction of Subject Matter- all the conditions must be clearly defined in the contract so that everyone relate in the contract can understand it. However, the nature of contract between banks and customers is purely based