Current：Home > InvestJPMorgan fined almost $350M for issues with trade surveillance program -TradeBridge
JPMorgan fined almost $350M for issues with trade surveillance program
View
Date：2025-04-18 10:56:50
JPMorgan is facing nearly $350 million in fines from bank regulators due to issues with its trade surveillance program.
The Office of the Comptroller of the Currency said Thursday that it was assessing a $250 million civil penalty against JPMorgan Chase Bank because it found that the company “operated with gaps in trading venue coverage and without adequate data controls required to maintain an effective trade surveillance program.”
The OCC said it found that JPMorgan failed to monitor billions of instances of trading activity on at least 30 global trading venues. It issued a cease and desist order that required JPMorgan to take corrective actions to improve its program. Under the order, the bank must correct the deficiencies, seek approval from the OCC before onboarding new trading venues, and find an independent third party to perform a trade surveillance program assessment.
The OCC said that the penalty has been paid to the Treasury Department.
Separately, the Federal Reserve Board fined JPMorgan about $98.2 million for the program deficiencies, which it said took place between 2014 and last year.
JPMorgan did not immediately respond to a request seeking comment.
veryGood！ (8158)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- A woman in Ecuador was mistakenly declared dead. A doctor says these cases are rare
- As ‘Tipping Point’ Nears for Cheap Solar, Doors Open to Low-Income Families
- Wildfire smoke is blanketing much of the U.S. Here's how to protect yourself
- Arkansas State Police probe death of woman found after officer
- Department of Energy Program Aims to Bump Solar Costs Even Lower
- These Climate Pollutants Don’t Last Long, But They’re Wreaking Havoc on the Arctic
- We Finally Know the Plot of Margot Robbie and Ryan Gosling's Barbie
- Grammy nominee Teddy Swims on love, growth and embracing change
- NASCAR jet dryer ready to help speed up I-95 opening in Philadelphia
Ranking
- North Carolina justices rule for restaurants in COVID
- Biden’s Early Climate Focus and Hard Years in Congress Forged His $2 Trillion Clean Energy Plan
- Wildfires, Climate Policies Start to Shift Corporate Views on Risk
- Connecticut Program Makes Solar Affordable for Low-Income Families
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Coastal biomedical labs are bleeding more horseshoe crabs with little accountability
- Trendy rooibos tea finally brings revenues to Indigenous South African farmers
- Afghan evacuee child with terminal illness dies while in federal U.S. custody
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Paul Walker's Brother Cody Names His Baby Boy After Late Actor
Yes, the big news is Trump. Test your knowledge of everything else in NPR's news quiz
Could the Flight Shaming Movement Take Off in the U.S.? JetBlue Thinks So.
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
India's population passes 1.4 billion — and that's not a bad thing
Debt limit deal claws back unspent COVID relief money
For many, a 'natural death' may be preferable to enduring CPR