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Mon Sep 16, 2019, 10:38 AM

JPMorgan is fined for lax disclosure of misconduct allegations over six years: FINRA

Source: Reuters

Business News
September 16, 2019 / 10:16 AM / Updated 11 minutes ago

(Reuters) - A unit of JPMorgan Chase & Co (JPM.N) was fined $1.1 million by a U.S. regulator on Monday for being too slow to disclose 89 internal reviews or allegations of misconduct by financial advisers and other employees over six years.

The Financial Industry Regulatory Authority (FINRA) said the alleged misconduct at JPMorgan Securities LLC included misappropriating customer funds, borrowing from customers, forging and altering documents, unauthorized trading and other activities. It said that when JPMorgan filed the required information with FINRA, it was on average more than two years late.

FINRA said JPMorgan’s disclosure shortfalls occurred from January 2012 to April 2018. JPMorgan did not admit or deny wrongdoing in agreeing to settle.

Read more: https://www.reuters.com/article/us-jp-morgan-finra/jpmorgan-is-fined-for-lax-disclosure-of-misconduct-allegations-over-six-years-finra-idUSKBN1W11PG?il=0



This "firm" has gotten more fines, and slapped wrist's and they keep saying that they do not admit or deny any wrong doing............................then why did you have to pay a $1.1 million fine............................and then to top it all off your "firm" and other's got over 800 billion in taxpayer money to keep the "your" system afloat in 2007...............................you should be broken up......................

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Reply JPMorgan is fined for lax disclosure of misconduct allegations over six years: FINRA (Original post)
turbinetree Sep 16 OP
NCjack Sep 16 #1
yaesu Sep 16 #2

Response to turbinetree (Original post)

Mon Sep 16, 2019, 11:25 AM

1. Get your sweet deals now! Trump Administration may be flushed down the toilet

in the 2020 election. Get your sweet deals now!

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Response to turbinetree (Original post)

Mon Sep 16, 2019, 12:53 PM

2. hell, those banksters spend that much just remodeling one gold plated bathroom. nt

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