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![For more news and videos visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ on.fb.me The US Securities and Exchange Commission will look into the "appropriateness and completeness" of JP Morgan Chase Co's financial reporting, SEC Chairman Mary Schapiro told the US Senate's Banking Committee on Tuesday. [Mary Schapiro, Chairman, US Securites and Exchange Commission]: "Finally, your invitation letter requested that I address recent trading losses reported by JP Morgan Chase. Our best information is that the trading activities in question took place in the bank in London and perhaps at other affiliates -- but not in the broker dealer that is directly supervised by the SEC. Although the Commission does not discuss investigations publicly, I can say that in circumstances of this nature, where the activity does not appear to have occurred in one of our regulated entities, the SEC would be primarily interested in, and focused on, the appropriateness and completeness of the entity's financial reporting and other public disclosures." Earlier this month, JP Morgan said it had lost at least $2 billion - a figure that's expected to grow - on trades tied to credit derivatives. Schapiro said her agency's probe will focus on the accuracy of the company's first-quarter financial and earnings statements. The SEC, however, did not have direct oversight of the trades because they took place outside of the regulated brokerage. Schapiro added that had the final <b>...</b>](http://i.ytimg.com/vi/ojRlCWrwqSU/2.jpg)
![For more news and videos visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ on.fb.me One of the London Olympics 2012 torchbearers has already sold her torch on the auction website eBay. Sarah Milner Simonds, who ran on Monday, has reportedly sold hers for 153000 pounds sterling (USD 241900) for charity. Speaking before completing her run Simonds says the money would be used for a community allotment. [Sarah Milner Simonds, London Olympics 2012 Torchbearer]: "I'm a practical person and I really want that piece of design to go to a collector who really wants to keep and look after a piece of our history. "I want that to go to a good home and actually I know quite a few people in the communities that I work with who could think of something to do with that money." The torchbearer, who was nominated for her work as a community gardener, said she was dismayed after receiving "unpleasant" e-mails. Other torches have already appeared for sale on the website. [George Jeeves, London Olympics 2012 Torchbearer]: "I have heard that that there are a few people that have put them on eBay. I think that should be a criminal offence, it's disgusting." Torchbearer, triple jump Olympic gold medallist and London Olympic Organizing Committee member Jonathan Edwards. [Jonathan Edwards, Former Olympic Triple Jump Champion]: "People buy them, they're private property and I think as a member of the organizing committe I just hope they go to a good home. I won't be <b>...</b>](http://i.ytimg.com/vi/JbP1vooSq88/2.jpg)
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