J.P. Morgan Is Target of Japan Insider Probe

BY ATSUKO FUKASE

TOKYO—J.P. Morgan Chase Co. faces a new regulatory headache, as Japan’s securities watchdog probes a company employee for possibly leaking insider information, a person familiar with the matter said.

While Japan is a relatively minor market for the Wall Street firm, the development is another potential embarrassment as J.P. Morgan still reels from the fallout of a $2-billion trading loss disclosed earlier this month.

J.P. Morgan issued a statement Tuesday saying it was “cooperating fully” with an expanding insider-trading probe by Japan’s Securities and Exchange Surveillance Commission. The statement said that “to date” the firm “has not received any …

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