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Monday, 03/18/2024 5:39:09 PM

Monday, March 18, 2024 5:39:09 PM

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JPMorgan Chase Pays $348M Penalties by Fed & OCC
https://news.bloomberglaw.com/banking-law/jpmorgan-chase-pays-348m-penalties-by-fed-occ-1
JPMorgan Chase Bank pays a $250 million civil money penalty imposed by the Office of the Comptroller of the Currency related to deficiencies in its trade surveillance program.

Separately, the Federal Reserve Board fined the firm about $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct
The board’s action requires JPMorgan to review and take corrective action to address the firm’s inadequate monitoring practices, which occurred between 2014 and 2023

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