SEC Says It Fines JPMorgan Chase $4M Related To Mistaken Deletion Of About 47M Emails In 2018
Portfolio Pulse from Happy Mohamed
The SEC has fined JPMorgan Chase $4 million for mistakenly deleting approximately 47 million emails in 2018.
June 22, 2023 | 2:15 pm
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JPMorgan Chase faces a $4 million fine from the SEC due to the mistaken deletion of about 47 million emails in 2018.
The $4 million fine imposed by the SEC is a negative development for JPMorgan Chase. Although the fine amount is not significant compared to the company's overall financials, it may raise concerns about the bank's internal controls and compliance procedures. This could lead to short-term negative sentiment among investors.
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