SEC levies $4 mln penalty on JPMorgan Chase for deleting 47 mln ‘electronic communications’

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SEC levies $4 mln penalty on JPMorgan Chase for deleting 47 mln ‘electronic communications’
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The Securities and Exchange Commission on Thursday said it’s requiring JPMorgan Chase & Co. to pay a $4 million penalty for allegedly violating rules for...

The Securities and Exchange Commission on Thursday said it’s requiring JPMorgan Chase & Co. JPM to pay a $4 million penalty for allegedly violating rules for broker dealers to preserve all communications for at least three years. The SEC said JPMorgan deleted approximately 47 million communications between Jan. 1 through April 23, 2018 housed in approximately 8,700 electronic mailboxes.

The Securities and Exchange Commission on Thursday said it’s requiring JPMorgan Chase & Co. JPM to pay a $4 million penalty for allegedly violating rules for broker dealers to preserve all communications for at least three years. The SEC said JPMorgan deleted approximately 47 million communications between Jan. 1 through April 23, 2018 housed in approximately 8,700 electronic mailboxes.

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