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J.P. Morgan Payments announced an expanded relationship with PopID to deploy in-store, pay-by-face biometric payment solutions for U.S.-based merchants.
Thanks to improvements in technology, trade settlement periods are gradually getting shorter. Beginning May 28, 2024, the settlement period for most U.S. securities traded through the Depository Trust Company (DTC) — including cash equities, corporate and municipal bonds, and unit investment trusts — will by default be reduced from two business days after the trade date (T+2) to the next business day (T+1). This is unless different terms have been expressly agreed upon by the parties involve...
The order requires J.P Morgan to pay a $200 million civil monetary penalty (CMP), cease and desist from further violations of the CFTC’s supervision requirements, and comply with...
Federal regulators have ordered JPMorgan Chase to pay $80 million in fines and about $309 million in refunds for billing customers for identity theft protection they never received.
JPMorgan Ordered to Pay Damages for Firing Whistle-Blower Share full article Keep reading The Times by creating a free account or logging in. Continue Enjoy unlimited access to all of The...
JPMorgan Chase & Co. expects to pay more than $350 million to settle regulatory claims that it failed to feed information on trades into market-surveillance systems.
An SEC investigation found that the firm’s investment advisory business J.P. Morgan Securities LLC (JPMS) and nationally chartered bank JPMorgan Chase Bank N.A. (JPMCB) preferred to invest clients in the firm’s own proprietary investment products without properly disclosing this preference. This preference impacted two fundamental aspects of money management – asset allocation and the selection of fund managers – and deprived JPMorgan’s clients of information they needed to make fully ...
ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number of foreign shares to be held in custody at a depositary bank. The practice of “pre-release” allows ADRs to be issued without the deposit of foreign shares, provided brokers receiving them have an agreement with a depositary bank and the broker or its customer owns the number of foreign shares that corresponds to the number of shares the ADR represents. The SEC’s order found that J...
The Federal Reserve Board on Thursday ordered JPMorgan Chase & Co. to pay a $61.9 million civil money penalty for unsafe and unsound practices related to t