JPMorgan Fined $348.2 Million for Inadequate Trade Surveillance

The Federal Reserve and the Office of the Comptroller of the Currency imposed the fines after identifying gaps in the bank's trade monitoring practices from 2014 to 2023.

JPMorgan Chase was fined for failing to adequately monitor firm and client trading activities, resulting in potential market misconduct.
The fines, totaling nearly $350 million, were issued by the Federal Reserve and the Office of the Comptroller of the Currency.
The bank self-identified the monitoring issues and is taking steps to address them, with no anticipated disruption to client services.
There was no evidence of employee misconduct or harm to clients or the broader market, according to a bank spokesperson.
JPMorgan is also in advanced negotiations with a third unnamed regulator, which may lead to additional resolutions.