US looks into JPMorgan's ties to Iranian oil kingpin

The US Treasury is looking into JPMorgan Chase & Co.'s dealings with a hedge fund. The hedge fund is believed to be connected to Iranian oil trader Hossein Shamkhani. The Treasury wants to know if JPMorgan followed all the rules when it took on the hedge fund as a client. The hedge fund, Ocean Leonid Investments Ltd.
Read The Rest at :