JPMorgan (JPM) to Pay $348M Fine for Trade Monitoring Failure

JPMorgan (JPM) will have to pay a fine of $348.2 million for failing to properly monitor the trading activities of its clients and employees. The fine has been imposed by the Federal Reserve and the Office of the Comptroller of the Currency (“OCC”).Per the regulators, the misconduct occurred between 2014 and 2023.The regulators said that JPM “engaged in unsafe or unsound practices” and “failed to establish adequate governance over trading venues on which it is active.”The OCC stated that JPMorgan “failed to ...