: SEC fines JPMorgan $125 million for failing to keep records

This post was originally published on this site

The Securities and Exchange Commission announced Friday that J.P. Morgan Securities, a subsidiary broker-dealer of JPMorgan Chase & Co. JPM, agreed to pay $125 million to resolve charges that it failed preserve written communications of its employees.

JPMorgan Securities admitted that it had violated federal securities laws by failing to preserve employee communications about business matters that were made using personal messaging accounts and devices, the SEC said.

“Since…

Add Comment