All articles tagged with #regulatory investigations
Despite strong earnings, UnitedHealth's stock is falling due to market concerns over structural issues, regulatory probes, and trust erosion in its business model, particularly around its vertical integration and Optum's operations, signaling a potential shift in investor confidence and valuation.
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.
JPMorgan Chase will pay a $4 million fine to settle allegations by the Securities and Exchange Commission (SEC) that the bank mistakenly deleted 47 million electronic records, including emails and instant messages, from January to April 2018, leaving communications unavailable to regulators in a dozen investigations. The SEC alleged that JPMorgan could not come up with requested documents in eight SEC investigations and four other regulatory probes. The bank didn’t admit to or deny the regulator’s allegations.