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JPMorgan Chase executives were supposed to make sure employee communications were archived for regulatory scrutiny. But for years, even the bosses were using their mobile phones to tap out work-related messages — a practice so pervasive that U.S. authorities dropped the hammer Friday, imposing $200 million in fines.
December 17 -
JPMorgan Chase is preparing to pay roughly $200 million to resolve U.S. regulatory investigations into lapses over monitoring employee communications.
December 13 -
The compliance inquiry relates to past disclosures around the Intelligent Portfolios product.
July 2 -
The free trading app’s breakneck growth hurt the same small-time investors it sought to empower, FINRA says.
July 1 -
The penalty stems from lapses tied to a March 2020 outage and allegations that the fintech firm let thousands of clients trade options that might not have been appropriate for them.
June 30 -
The popular trading app omitted information about its payment for order flow practice, the regulator says.
December 17 -
Former CEO John Stumpf agreed to pay a $2.5 million penalty to settle civil charges tied to the bank’s fake-accounts scandal. Former community bank head Carrie Tolstedt did not agree to a settlement and is now facing a lawsuit that alleges she committed fraud.
November 13 -
The firm will also pay a penalty and offer to buy back variable annuities the former broker sold to 21 other investors.
August 11 -
During rapid growth, the firm allegedly failed to detect a cascade of red flags.
August 10 -
This is the latest case to involve improperly allocating bonds meant for retail customers and instead selling them to other market participants.
July 23