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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on JPM:
- JPM’s Securities Arm to Cough Up $4M, Resolves Regulatory Dispute
- BlackRock Stock (NYSE:BLK): New Round of Layoffs Ahead
- JPMorgan (NYSE:JPM) Takes the Insurance Route to Recover Frank Deal Losses
- JPMorgan to cash in insurance policy after acqusition of Frank, FT reports
- JPMorgan report provides new details on ties with Epstein, WSJ reports