JPMorgan fined almost $350M for ‘inadequate’ trade reporting

WASHINGTON, D.C.: US regulators unveiled fines of almost $350 million on Thursday against US bank JPMorgan Chase for what they called inadequate trade reporting and surveillance. The fines, levied by the US Federal Reserve and the Office of the Comptroller of the Currency (OCC), relate to issues with the US banking giant’s trading program between […]

JPMorgan fined almost $350M for ‘inadequate’ trade reporting

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WASHINGTON, D.C.: US regulators unveiled fines of almost $350 million on Thursday against US bank JPMorgan Chase for what they called inadequate trade reporting and surveillance.

The fines, levied by the US Federal Reserve and the Office of the Comptroller of the Currency (OCC), relate to issues with the US banking giant’s trading program between 2014 and 2023, the Fed said in a statement.

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