JP Morgan Securities to cough up $200m in fines for shoddy record-keeping

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US regulators say the company failed to preserve staff digital communications

A view of the exterior of the JP Morgan Chase corporate headquarters in New York City, New York, US. Picture: REUTERS/MIKE SEGAR

The US Commodity Futures Trading Commission said on Friday it had fined the firm $75m for the same issues. As a result of the JPMorgan probe, the SEC has opened investigations into other firms’ records-keeping practices, it said, confirming an October Reuters report.

 

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