JPMorgan to pay $307 mln to settle SEC, CFTC disclosure charges

``The SEC said the bank's wealth business preferred to invest its clients in its own proprietary products, but JPMorgan failed to tell investors about this preference. Between 2008 and 2013, that failure affected both retail mutual fund customers and high net worth clients, who invested in hedge funds and mutual funds offered through JPMorgan's private bank, the SEC said.''