JPMorgan Chase fined $348.2M over gaps in trade data reporting
The Office of the Comptroller of the Currency fined JPMorgan Chase $250 million Thursday, and the Federal Reserve added a $98.2 million penalty, asserting the bank failed to adequately monitor client trading activities for market misconduct between 2014 and 2023.. JPMorgan“ operated with gaps in trading venue coverage and without adequate data controls,”…
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