
The Securities and Exchange Commission settled charges against J.P. Morgan Securities LLC, a broker-dealer subsidiary of JP Morgan Chase & Co., for widespread and longstanding failures by the firm and its employees to maintain and preserve written communications. JPMS admitted the facts set forth in the sec's order and acknowledged that its conduct violated the federal securities laws, and agreed to pay a $125 million penalty and implement robust improvements to its compliance policies and procedures to settle the matter. For more info visit https://www.sec.gov/news/press-release/2021-262