JPMorgan Fined $4 Million by SEC for Accidental Deletion of 47 Million Records
TL;DR
JPMorgan Chase will pay a $4 million fine to settle allegations by the Securities and Exchange Commission (SEC) that the bank mistakenly deleted 47 million electronic records, including emails and instant messages, from January to April 2018, leaving communications unavailable to regulators in a dozen investigations. The SEC alleged that JPMorgan could not come up with requested documents in eight SEC investigations and four other regulatory probes. The bank didn’t admit to or deny the regulator’s allegations.
- JPMorgan Mistakenly Deleted 47 Million Records, SEC Alleges Yahoo Finance
- JPMorgan Chase Hit With Multimillion-Dollar Fine For Deleting 47,000,000 Banking Records The Daily Hodl
- JPMorgan to Pay $4 Million Over Deleted Messages The Wall Street Journal
- JPMorgan Chase is fined by SEC after mistakenly deleting 47 million emails Yahoo Finance
- SEC Fines JPMorgan $4 Million Over Accidental Deletion of Millions of Emails Barron's
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