SEC fines JPMorgan subsidiary for deleting 47 million emails, some relevant to subpoenas

SEC fines JPMorgan subsidiary for deleting 47 million emails, some relevant to subpoenas


Critical Details
  • The Securities and Exchange Commission fined the broker-supplier subsidiary of JPMorgan Chase $4 million for unintentionally deleting about 47 million emails from early 2018.
  • Some of all those email messages have been sought by subpoenas in at least a dozen regulatory investigations, the SEC purchase versus J.P. Morgan Securities LLC mentioned.
  • The organization in late 2021 agreed to pay out $125 million in penalties for failing to maintain textual content messages and other electronic communications sent between January 2018 and November 2020.



Source

Stocks making the biggest moves midday: Lamb Weston, KB Home, Carnival, Oracle, CoreWeave & more
Finance

Stocks making the biggest moves midday: Lamb Weston, KB Home, Carnival, Oracle, CoreWeave & more

Check out some of the stocks making the biggest moves in midday trading. Lamb Weston – The producer of fries and frozen potato products saw shares tank 25%. Though Lamb Weston posted beats on the top and bottom lines in the second quarter, the company reaffirmed its full-year revenue guidance of $6.35 billion to $6.55 […]

Read More
Stocks making the biggest moves premarket: Oracle, CoreWeave, Nike, Coinbase & more
Finance

Stocks making the biggest moves premarket: Oracle, CoreWeave, Nike, Coinbase & more

Check out the companies making headlines before the bell. Oracle — Shares were up more than 5% in the premarket after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake. Coinbase — The crypto exchange rose nearly 3%. On Thursday, the […]

Read More
Friday could be a wild day of trading on Wall Street. Here’s why
Finance

Friday could be a wild day of trading on Wall Street. Here’s why

Key Points More than $7.1 trillion in notional options exposure is set to expire this Friday, according to Goldman. December options expirations are typically the biggest of the year, but this one eclipses all prior records. Source

Read More