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Fed, OCC fine JPMorgan Chase $348.2 million for trade surveillance deficiencies
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Banking, Investor Protections
Tuesday, March 26, 2024
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The Federal Reserve and the Office of the Comptroller of the Currency coordinated separate actions against JPMorgan Chase & Co. for alleged deficiencies in the firm’s trade surveillance program, which the company previously disclosed.
The company agreed to pay approximately $348.2 million in total fines levied by the two agencies and undertake specific corrective actions.
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