The bank has been fined $250m by the OCC and $98m by the US Fed in a joint action by the two agencies.
The OCC investigation found that, since at least 2019, the trade surveillance program at JP Morgan has “operated with certain deficiencies that have compromised its effectiveness”.
The bank
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
