JPMorgan Given OK to Again Own Ligado Shares Directly

JPMorgan Chase's character is solid enough for it to own shares of Ligado and the proxy agreement under which its stake had been held can expire, as it had asked (see 1901070040), said the FCC International Bureau in a docket 15-126 order Friday. It said the investment bank's antitrust felony didn't pertain to FCC activities or involve personnel related to those activities and that it has since made efforts to pay restitution and strengthen its internal controls.