J.P.Morgan Chase's "Sons and Daughters" hiring program,involving hiring children of China's ruling elite,was approved by the U.S.Department of Justice and the Securities Exchange Commission.

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J.P.Morgan Chase's "Sons and Daughters" hiring program was not approved by the U.S. Department of Justice and the Securities Exchange Commission. In fact, in 2016, J.P. Morgan Chase was fined $264 million for violating the Foreign Corrupt Practices Act due to their hiring practices in China.

JPMorgan Chase's "Sons and Daughters" Hiring Program,involving Hiring Children of China's