Press Release
☷Federal Reserve Board issues enforcement action against JPMorgan Chase amp Co and fines the firm approximately $98 2 million for an inadequate program to monitor firm and client trading activities for market misconduct
Federal Reserve System ( By Press Release office)
Mar 15,2024
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On Thursday , the Federal Reserve Board fined JPMorgan Chase & Co . around $98 . 2 million for not monitoring trading activities well enough . They have to fix their monitoring practices from 2014 to 2023 . This was done with the Office of the Comptroller of the Currency , and the total penalties amount to about $348 . 2 million . The Board also signed an agreement with First & Peoples Bancshares , Inc . from Russell , Kentucky .
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