The bad chats
Do you think JPMorgan was doing a lot of crimes in the group chat? I don’t especially, but I guess the point is we have no way of knowing. Last week U.S. regulators fined JPMorgan Chase & Co. a total of $200 million for violating record-keeping requirements. From the Securities and Exchange Commission’s announcement:
As described in the SEC’s order, JPMS admitted that from at least January 2018 through November 2020, its employees often communicated about securities business matters on their personal devices, using text messages, WhatsApp, and personal email accounts. None of these records were preserved by ...
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