JPMorgan has submitted an offer of settlement that the Securities and Exchange Commission has determined to accept related to proceedings that arise out of the deletion by JPMorgan of approximately 47 million electronic communications in about 8,700 electronic mailboxes relating to the period January 1 through April 23, 2018, many of which were business records required to be retained. JPMorgan shall pay a civil money penalty in the amount of $4M to the Securities and Exchange Commission for transfer to the general fund of the United States Treasury, the agency stated in a document posted to its website.
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