JPMorgan’s Recordkeeping and Supervisory Failures Violate Securities Laws, Lead to $125 Million Penalty
JPMorgan Chase & Co.’s broker-dealer subsidiary, J.P. Morgan Securities LLC (JPMS), agreed to pay a $125 million penalty and acknowledged that it failed to preserve written communications as required by federal securities laws. The Securities and Exchange Commission’s (SEC) press release announcing the charges and penalty is available here SEC.gov | JPMorgan Admits to Widespread Recordkeeping Failures and Agrees to Pay $125 Million Penalty to Resolve SEC Charges. According to the SEC, from January 2018 through