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Subsection (f) also distinguishes between reckless misconduct and intentional wrongdoing.
The bank further noted that the S.E.C. did not cite it for intentional or reckless misconduct.
Both JPMorgan and Mr. Steffelin were accused of negligence but not intentional or reckless misconduct.
There is also a blurry line between simple negligence and gross negligence or reckless misconduct.
The Senate's version of the bill had covered "reckless" misconduct as well.
Among its recommendations it suggested creating a new criminal offence for the "reckless misconduct in the management of a bank".
Similar(18)
WASHINGTON — The Justice Department has found that two prosecutors involved in the botched 2008 corruption trial of Senator Ted Stevens engaged in "reckless professional misconduct," but it stopped short of firing the men, saying their mistakes were not intentional.
The legal team that defended Senator Ted Stevens in his corruption trial has harshly criticized as "laughable" and "pathetic" the punishment that the Justice Department handed out to two prosecutors found to have engaged in reckless professional misconduct in the case.
The legal team that defended Senator Ted Stevens in his corruption trial has harshly criticized the punishment handed out to two prosecutors found to have engaged in reckless professional misconduct in the case.
WASHINGTON -- The Justice Department has found that two prosecutors involved in the botched 2008 corruption trial of Senator Ted Stevens engaged in "reckless professional misconduct," but it stopped short of firing the men, saying their mistakes were not intentional.
It's better to acknowledge that torture, and reckless police misconduct, and fraud and corruption, increasingly is who are are -- some of us, anyway -- and that it's going to get worse without justice, without holding some folks accountable.
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