The buck stops with the compliance officer

New York

TO hear Jamie Dimon tell it, regulation and the cost of compliance are becoming a threat to the American dream.

"In the old days, you dealt with one regulator when you had an issue, maybe two," the JPMorgan Chase CEO said on a call with investors in January. "Now, it's five or six. It makes it very difficult and very complicated. You all should ask the question about how American that is."