<table><tr><th>From:</th><th>David Stem &lt;</th></tr><tr><td>Sent:</td><td>Sunday, August 18, 2013 10:16 AM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>JPM China</td></tr></table>

The U.S. Securities and Exchange Commission's anti-bribery unit is =nvestigating whetherJPMorgan Chase & Co. (JPM) hired the children of =hinese officials to help its business, TheNew York Times reported, =iting a confidential government document.

The bank hired the son of a former Chinese banking regulator who is =urrently chairman of China Everbright Group Ltd., a state-controlled =inancial company, while its Hong Kong office employed a Chinese railway =fficial's daughter, according to the report. After each appointment, =he bank secured assignments from companies connected to the new hires' =arents, according to the report.

The bank has not been accused of any wrongdoing, according to the =eport. The government document and public records cited by The New York =imes do not indicate that the employees helped JPMorgan secure business =r that they were unqualified, according to the report.

The regulator in May requested records from the bank concerning Tang =iaoning, the son of Tang Shuangning, who since 2007 has been chairman =f the China Everbright Group, according to the report. Officials also =ought information on the hiring of Zhang Xixi, daughter of former =ailway Ministry deputy chief engineer Zhang Shuguang, the New York =imes said. Both Tang and Zhang have left JPMorgan, according to the =eport.

JPMorgan made a reference to the inquiry in its quarterly filing, saying =he SEC had asked for information about its "employment of certain =ormer employees in Hong Kong and its business relationships with =ertain clients," according to the report.

"We publicly disclosed this matter in our 10-Q filing last week, and =re fully cooperating with regulators," Brian Marchiony, a spokesman =or JPMorgan, told Bloomberg News.

Two calls to Everbright Group's headquarters in Beijing went =nanswered. Two calls to China Railway Corp., which took over operations =rom the disbanded Ministry of Railways in March, were unanswered.

JPMorgan, led by Chief Executive Officer Jamie Dimon, is also working to =esolve U.S. and U.K. investigations after
botched trades by its chief =nvestment office caused more than $6.2 billion of losses last year. =.S. Senate investigators
concluded in March that the bank dodged =egulators and misled investors about souring bets by Bruno Iksil, a =rader
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