JPMorgan Chase Fined Millions for Deleting Banking Records.

JPMorgan Chase has been fined $4 million by the US Securities and Exchange Commission (SEC) for deleting around 47 million emails, including business documents sought by subpoenas in at least a dozen regulatory investigations. The emails were erased by JPMorgan’s broker-dealer subsidiary between January 1st, 2018 and April 23, 2018, violating the SEC’s regulatory retention requirements. This is not the first time JPMorgan has been fined for neglecting to properly preserve its own digital records.