GUEST ESSAY: JPMorgan’s $200 million in fines stems from all-too-common compliance failures
The Last Watchdog
JANUARY 13, 2022
Last month’s $125 million Security and Exchange Commission (SEC) fine combined with the $75 million U.S. Commodity Futures Trading Commission (CFTC) fine against JPMorgan sent shockwaves through financial and other regulated customer-facing industries. Related: Why third-party risks are on the rise. According to a SEC release , hefty fines brought against JPMorgan, and its subsidiaries were based on “widespread and longstanding failures by the firm and its employees to maintain and preserve writ
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