JPMorgan Chase Fined $350 Million for Inadequate Trade Monitoring
The Federal Reserve Board has fined JPMorgan Chase & Co. approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct between 2014 and 2023. The Board's action requires JPMorgan Chase to review and address the firm's inadequate monitoring practices. This enforcement action was taken in coordination with the Office of the Comptroller of the Currency, and the total penalties amount to approximately $348.2 million.