On the Naughty List JPMorgan and Failures for Record Keeping

05:40pm, Tuesday, 21'st Dec 2021 JD Supra
We begin the week before Christmas by looking at one heck of a compliance failure (or perhaps series of compliance failures) which led JPMorgan Chase Bank, NA, J.P. Morgan Securities LLC, and J.P. Morgan Securities plc (JPMorgan) to paying some $200 million in fines and penalties to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). It breaks down with $125 million to the SEC and $75 million to the CFTC. While that is probably just a rounding error to By: Thomas Fox

JPMorgan Chase Whale Trades Spotted

04:06pm, Tuesday, 21'st Dec 2021 Benzinga
Someone with a lot of money to spend has taken a bearish stance on JPMorgan Chase (NYSE: JPM ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with JPM, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 10 uncommon options trades for JPMorgan Chase. This isn''t normal. The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish. Out of all of the special options we uncovered, 5 are puts, for a total amount of $405,250, and 5 Full story available on Benzinga.com
CenterStar Asset Management LLC purchased a new position in Bit Digital, Inc. (NASDAQ:BTBT) during the third quarter, HoldingsChannel.com reports. The fund purchased 21,444 shares of the companys stock, valued at approximately $170,000. Several other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Bit Digital []
The two companies have said this would be a first-of-its-kind application.
US banking giant JP Morgan teams up with Siemens and creates a blockchain payment system

Turkish stocks on firmer ground after sharp selloff

11:02am, Monday, 20'th Dec 2021 Business Recorder
ISTANBUL: Turkey''s main blue chip stock index traded 2% higher on Monday, finding some support after an early fall and a sharp Friday selloff that halted a three-week ride to record highs. Borsa Istanbul said it had imposed a one-day uptick rule on short sales of BITS 50 stocks in an attempt to slow any fresh selling, and Wall Street bank JPMorgan late last week halted new customer algorithmic orders on lira trades. Turkey''s markets have been in upheaval in recent weeks with the lira currency plunging to record lows in a crisis prompted by a series of rate cuts urged by President Tayyip Erdogan. As Turks scrambled to protect savings, stocks have jumped due to their relative price discounts in lira terms. Turkish lira hits record low after Erdogan defends economic policy Istanbul''s main BIST 100 index hit a record high of 2,406.87 points on Friday. But then it fell off a cliff in a selloff that triggered circuit breakers that temporarily halted trading, and the index closed the week down 8.52%.
JPMorgan fined for breaking record-keeping compliance, Meta is ranked the worst company of the year by Yahoo Finance, Amazon has removed its smartphone ban. Thats all the tech news thats trending right now, welcome to Hashtag Trending. Its Monday, December 20, and Im your host, Tom Li. Financial company JPMorgan Chase has been fined $200 [] The post Hashtag Trending Dec. 20 JPMorgan fined; Meta called the worst company of the year; Amazon reverses its smartphone ban first appeared on IT World Canada .
In todays edition of Daily Compliance News: 1. Brain control tech company placed on a blacklist. (WaPo) 2. OSHA vaccine mandate reinstated. (NYT) 3. Corruption at the heart of college sports? (Chronicle of Higher Ed) 4. JPMorgan settles record-keeping failures suite. (Reuters) By: Thomas Fox
Micron Technology, Inc. (NASDAQ:MU) with the stream of 0.37% also noticed, India JPMorgan Chase & Co. (NYSE:JPM) encountered a rapid change of -2.28% in the last hour of Fridays trading The post Analysts Recommendations to Consider: Micron Technology, Inc. (NASDAQ:MU), JPMorgan Chase & Co. (NYSE:JPM) appeared first on Stocks Equity .
JP Morgan to pay USD75m to settle CFTC charges over employee communication, record keeping and supervision failures Submitted 19/12/2021 - 6:54pm The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges against JP Morgan Chase Bank, JP Morgan Securities , and JP Morgan Securities plc (collectively, JPMorgan), for failing to maintain, preserve, and produce records that were required to be kept under CFTC recordkeeping requirements, and failing to diligently supervise matters related to its businesses as CFTC registrants. The order requires JPMorgan to pay a USD75 million civil monetary penalty, to cease and desist from further violations of recordkeeping and supervision requirements, and to engage in specified remedial undertakings. JPMorgan admits the facts in the order and acknowledges that the conduct violated the Commodity Exchange Act (CEA) and regulations. The order finds that since at least July 2015, JPMorgan employees, including those at senior levels, communicated both internally and externally on unapproved channels, including via personal text messages and WhatsApp messages.
Kingfisher Capital LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,818 shares of the financial services providers stock after buying an additional 202 shares during the []
LA Financiere DE L Echiquier lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,000 shares of the financial services providers stock after selling 4,000 shares during the quarter. LA Financiere []
Deutsche Bank, JP Morgan in UAE to switch to Mon-Fri work week
Representatives of Bank of America and Societe Generale did not immediately respond to a Reuters request for comment. The banks'' move comes after the UAE said on Dec. 7 that it would shift to a four-and-a-half day week with a Saturday-Sunday weekend from the start of next year.
Costello Asset Management INC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,269 shares of the financial services providers stock after selling 134 shares during the quarter. Costello Asset Management INCs holdings in JPMorgan Chase & Co. were worth $862,000 as []
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